Mississippi News

Mississippi Lottery announces February Transfer

Funds to State surpass $80 million

The Mississippi Lottery Corporation completed its February transfer of $9,410,686.64 in net proceeds to the Mississippi State Treasury. This brings the approximated Fiscal Year 2022 net proceeds total to $83,802,303.97. 

 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. The February transfer will return $3,802,303.97 to the Education Enhancement Fund

“Exceeding $80 million mark is a huge milestone for the lottery, our retailers and all Mississippians,” said Mississippi Lottery President Jeff Hewitt. “By passing this benchmark, the proceeds from the sale of lottery products for the remainder of FY22 will now be directed to the Education Enhancement Fund. We are honored to be able to give back to important Mississippi causes – road and bridge repair and educational needs.”

 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.

News Release

Bob Bakken

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.

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