Proceeds earmarked for roads, bridges and education
Oct 14, 2024- The Mississippi Lottery Corporation completed its September transfer of $9,007,892.27 in net proceeds to the Lottery Proceeds Fund in the Mississippi State Treasury.
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.
The Mississippi Lottery has transferred nearly $27.6 million to the state for Fiscal year 2025, which began July 1, 2024. Since sales began in November 2019, the Mississippi Lottery has transferred more than $418 million to the state for roads and bridges, plus more than $188 million for the Education Enhancement Fund.
Bob Bakken provides content for DeSoto County News and its social media channels. He is an award-winning broadcaster, along with being a reporter and photographer, and has done sports media relations work with junior and minor league hockey teams. Along with his reports on this website, you will find this veteran media member providing sports updates and high school football play-by-play on Rebel 95.3 FM Radio.
