Mississippi News

Mississippi Lottery announces July transfer

The Mississippi Lottery Corporation has completed its July transfer to the state, the first for Fiscal Year ‘23, for $11,834,298.78.

“We are thankful to begin Fiscal Year 2023 with such a strong transfer,” said MLC President Jeff Hewitt. “The Lottery is proud to play a role in helping Mississippi improve road, bridge and educational needs around the state.”

For FY22, the MLC transferred $121,570,750.80 to the state, with $80 million assisting roads and bridges, plus $41,570,750.80 for 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. The first $80 million goes to Mississippi Department of Transportation projects; proceeds exceeding $80 million are earmarked for the Education Enhancement Fund.

All numbers contingent on annual financial audit.

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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