The Mississippi Lottery Corporation has announced sales of its tickets have surpassed $1bn, less than two years since the first ticket was sold.
It means that the lottery has managed to transfer over $250m to the state to fund good causes for roads, bridges and education since it launched in November 2019.
“Reaching the $1bn mark is an incredible accomplishment considering the challenges we all faced just three and a half months after we launched,” said MLC President, Jeff Hewitt.
“Our players have embraced our games, while our lottery retailers and vendors have worked hard to achieve this historic milestone for our organisation and Mississippi.”
This comes shortly after lottery posted its financial update for Q1 of FY2022, revealing total ticket revenues of $108m for the period ending September 30.
Instant ticket sales made up 79.57% of total sales for the period, with draw games tickets accounting for 20.43%.
The lottery transferred $34.4m to the state of Mississippi throughout Q1 and posted a net position of $1.54m, a 0.09% decrease from the previous quarter.
However, the biggest achievement of the quarter was surpassing $1bn in sales, as Dr. Mike McGrevey, chairman of the MLC Board of Directors, reiterated: “Enthusiastic retailers, loyal players, dedicated Lottery employees and knowledgeable vendors have all contributed to the success of the MLC.
“Given the achievements so far and the plans for the future, I sincerely believe the Mississippi Lottery will continue to be a winner for Mississippi.”
