Arkansas Scholarship Lottery’s October revenue shows drop from 2018 Michael R. Wickline, Northwest Arkansas Democrat-Gazette · November 14, 2019 at 6:17 pm The Arkansas Scholarship Lottery’s revenue and amount raised for college scholarships fell sharply in October from the same month a year ago, when the lottery’s finances were bolstered by a $1.5 billion Mega Millions jackpot and $700 million Powerball jackpot. For a variety of reasons, those jackpots haven’t been nearly that big in the past four months. The lottery’s total revenue fell from $57.5 million a year ago to $38.9 million in October, while net proceeds for college scholarships slipped from $11.2 million a year ago to $6.3 million, the lottery reported this week in its monthly report to Gov. Asa Hutchinson and the Legislative Council’s lottery oversight subcommittee. October is the fourth month of fiscal 2020, which started July 1.