There were 771 press releases posted in the last 24 hours and 358,026 in the last 365 days.

2020-11-13 12:00:08.723 Missouri Lottery Generates $27.9 Million in Monthly Profits for Education

2020-11-13 12:00:08.723

Profits from Missouri Lottery ticket sales in October have been sent to the Lottery Proceeds Fund for public education. The transfer of $27,908,017 brings the total for FY21, which began July 1, to more than $155.7 million.

Lottery proceeds make up approximately 4% of the state’s funding for public education – an effort shared by local, state and federal governments.

Prior to each fiscal year, the Lottery averages the most recent five years’ profits for a “benchmark” and increases that amount by 1% to arrive at a prudent goal for the next fiscal year.   In FY20, the Lottery generated $333 million for vital education programs, including A+ scholarships. Complete information about Missouri Lottery proceeds, including the specific programs benefited in each county, can be found in the “Where the Money Goes” section.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.