Lottery’s May transfer marks $113,220,264.37 to the State
The Mississippi Lottery Corporation has completed its May transfer to the state for $9,231,352.62 bringing Fiscal Year 2023 total transfer to approximately $113,220,264.37.
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.
With one month remaining in the fiscal year, the Education Enhancement Fund has received a total of $33,220,264.37.
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.
