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 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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