Mississippi Lottery Announces April Transfer to State

Published 2:27 pm Monday, May 16, 2022

Funds to State surpass $107 million

JACKSON, MISS — The Mississippi Lottery Corporation completed its April transfer of $11,713,777.98 in net proceeds to the Mississippi State Treasury. This brings the approximated Fiscal Year 2022 net proceeds total to $107,059,670.19.

In total for FY22, the Lottery has directed $80 million to road and bridge needs and an additional $27,059,670.19 to the Education Enhancement Fund. The Lottery Law stipulates 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.

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