Lottery transfers money to state
The Mississippi Lottery Corporation (MLC) completed its February transfer of $9,834,061.43 to the Lottery Proceeds Fund in the Mississippi State Treasury. This brings the total transfer for Fiscal Year 2021 to $84,907,290.12.
“With this month’s transfer to the State, we have exceeded the $80 million mark,” said MLC President Tom Shaheen. “By surpassing this benchmark, proceeds from the sale of lottery tickets for the remainder of FY21 will help fund educational programs in addition to funds already provided for road and bridge repair. This is a major milestone for the lottery, our retailers and all Mississippians.
“We are beyond grateful to be in this position and look forward to raising even more money for both important causes,” Shaheen continued.
Per the Alyce G. Clarke Mississippi Lottery Law, the first $80 million in net proceeds goes to road and bridge needs around the state for 10 years. Net proceeds over $80 million go to the Education Enhancement 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 MLC was legislatively created in 2018 by the Alyce G. Clarke Mississippi Lottery Law, Senate Bill 2001. Visit online at www.mslotteryhome.com.