Home » NEWS » Gaming » Lottery transfers more than $10 million to State of Mississippi

Lottery transfers more than $10 million to State of Mississippi

The Mississippi Lottery Corporation has completed its June transfer of $10,723,795.84 in net proceeds to the Lottery Proceeds Fund in the Mississippi State Treasury. This brings the total amount deposited to the State for Fiscal Year ending June 30, 2020, to $70,730,502.31.

“We have actively sold lottery tickets slightly more than seven months during FY2020,” said MLC President Tom Shaheen. “We are very pleased we have been able to return as much as we have to the state. This would not have been possible without the support of our players, retailers and MLC staff. The Mississippi Department of Transportation is already putting several lottery-funded projects in motion. We look forward to continuing our work to raise money for roads, bridges and education.”

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.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Newswires