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 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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