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 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 provides content for DeSoto County News and occasionally is heard on the OB Pod podcast talking about area happenings. A former newspaper editor and writer, his award-winning background also includes television news producing, sports media relations, and radio broadcasting.

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