Mississippi News

Lottery makes July transfer of $13,416,211 to State

First transfer for Fiscal Year 2024

Credit: Mississippi Lottery information

The Mississippi Lottery Corporation (MLC) completed its July transfer of $13,416,211.36 in net proceeds to the Lottery Proceeds Fund in the Mississippi State Treasury. This is the first deposit for Fiscal Year 2024, which began July 1, 2023.

For FY23, the lottery transferred more than $122 million to the Lottery Proceeds Fund. In accordance with the Alyce G. Clarke Lottery Law, the MLC is required to transfer net proceeds within 20 days following the close of each calendar month. The first $80 million goes to Mississippi Department of Transportation projects; proceeds exceeding $80 million are earmarked for the Education Enhancement Fund.

All numbers contingent on annual 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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