Lottery announces October transfer to the State

November 17, 2022November 16, 2022 Bob Bakken

The Mississippi Lottery Corporation (MLC) is turning more than $9.5 million to state coffers for the month of October.

As is required by law, the MLC completed its October transfer to the state for $9,579,510.40, bringing Fiscal Year 2023 total transfer to approximately $37,869,149.34.

The MLC is required to transfer net proceeds within 20 days following the close of each calendar month. The first $80 million each fiscal year goes to Mississippi Department of Transportation projects; proceeds exceeding $80 million in a fiscal year are earmarked for the Education Enhancement Fund.

All numbers contingent on 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 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.