The Mississippi Lottery Corporation completed its final transfer to the state for Fiscal Year 2022, bringing the total to $121,570,750.80.
Counting the June transfer of $7,779,746.07, the MLC generated $80 million to assist with roads and bridges, plus $41,570,750.80 for the Education Enhancement fund during FY22. Total gross sales for FY22 exceeded $432 million.
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 are contingent on annual financial audit.
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.
