Mississippi Lottery achieves ‘huge milestone’ after $9.4m state transfer in February

Mississippi Lottery
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The Mississippi Lottery Corporation (MLC) has announced it has deposited more than $83.8m to the Mississippi State Treasury in FY2022, including over $9.4m in February.

Under lottery law, the first $80m in net proceeds are distributed to road and bridge needs around the state for 10 years.

The remaining net proceeds are then handed to the Education Enhancement Fund, who will receive over $3.8m from the MLC February transfer.

As reported by WDAM, Jeff Hewitt, President of Mississippi Lottery, commented: ”Exceeding (the) $80m mark is a huge milestone for the lottery, our retailers and all Mississippians.

“By passing this benchmark, the proceeds from the sale of lottery products for the remainder of FY22 will now be directed to the Education Enhancement Fund. We are honoured to be able to give back to important Mississippi causes – road and bridge repair and educational needs.”

According to the Alyce G. Clarke Lottery Law, the MLC is required to transfer net proceeds within 20 days following the close of each calendar month.

Gaming was legalised in Mississippi in November 2019, and two years later, the MLC announced sales of its tickets had surpassed $1bn.

During that period, the lottery has transferred over $261m to the state to fund good causes for roads, bridges and educational matters.