Mississippi News

Lottery transfers over $9 million to state coffers in May

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.

All numbers contingent on financial audit.

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