Mississippi News

Mississippi Lottery transfers $11.5 million to State coffers

The Mississippi Lottery Corporation completed its March transfer of $11,543,588.24 to the Lottery Proceeds Fund in the Mississippi State Treasury. This brings the total transfer for Fiscal Year 2022 to $95,345,892.21.

Of the FY22 transfer total so far, the Lottery has sent $80 million to the state to assist with road and bridge needs and $15,345,892.21 to benefit the Education Enhancement Fund. The March transfer marks the first monthly transfer fully directed to fund education.

Per the Alyce G. Clarke Mississippi Lottery Law, 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.

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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