The Mississippi Lottery Corporation has transferred more than $8.6 million in net proceeds to state funds, marking the first transfer of the new fiscal year.
The lottery’s July transfer of $8,627,069.02 went to the Lottery Proceeds Fund, kicking off fiscal year 2026. This follows a successful fiscal year 2025, which ended June 30 with a total of $113,001,105.82 transferred to the state.
Since its inception, the Mississippi Lottery has transferred a combined $700 million to state funds. Of that total, $479 million has been directed to the State Highway Fund for road and bridge projects, while $221 million has gone to the Education Enhancement Fund, supporting early learning, teacher supplies and the Mississippi Student Information System.
A ticket purchased in Carthage recently won $150,000 in a Powerball drawing by matching four white balls and the Powerball, with the prize tripled by the Power Play option. This is the fifth Powerball ticket worth at least $50,000 sold in Mississippi in the last month.
With no jackpot winner in the most recent drawing, the Powerball jackpot has rolled to an estimated $565 million with a cash value of $258.8 million. The next drawing is set for Saturday, Aug. 16.
Other jackpots include Mega Millions at an estimated $198 million, Lotto America at $2.15 million and Mississippi Match 5 at $135,000.
Note: All numbers are contingent on a financial audit.
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.
