The Mississippi Lottery Corporation completed its April transfer of $11,713,777.98 in net proceeds to the Mississippi State Treasury. This brings the approximated Fiscal Year 2022 net proceeds total to $107,059,670.19.
In total for FY22, the Lottery has directed $80 million to road and bridge needs and an additional $27,059,670.19 to the Education Enhancement Fund. The Lottery Law stipulates 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.
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.
