Lottery fiscal year-to-date transfer exceeds $80 million

Education Enhancement Fund to receive over $4.1 million

With the Mississippi Lottery’s February transfer of $9,683,605.23, the total fiscal year-to-date transfer to the state reached $84,166,653.80. 

As the Lottery Law stipulates, the first $80 million in net proceeds in each fiscal year goes to roads and bridges, while all funds over that amount go to the Education Enhancement Fund.

February’s transfer marks the first month where money will flow to the Education Enhancement Fund in the amount of $4,166,653.80. For the remainder of the fiscal year which ends on June 30, all Lottery transfer proceeds will be directed to the Education Enhancement Fund.

All numbers contingent on financial audit.

Bob Bakken

Bob Bakken is the most recognized and most trusted name in DeSoto County news and sports reporting, as readers continue to express their appreciation for his accuracy and fairness in the stories he writes. Bob is also heard on 95.3 The Rebel twice a week with sports updates and high school football play-by-play broadcasts in the fall. A former newspaper editor and writer, his award-winning background also includes television news producing, sports media relations, and radio broadcasting.

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