Mississippi Lottery Announces July Transfer to the State

JACKSON, MISS – The Mississippi Lottery Corporation has completed its July transfer to the state, the first for Fiscal Year ‘23, for $11,834,298.78.

“We are thankful to begin Fiscal Year 2023 with such a strong transfer,” said MLC President Jeff Hewitt. “The Lottery is proud to play a role in helping Mississippi improve road, bridge and educational needs around the state.”

For FY22, the MLC transferred $121,570,750.80 to the state, with $80 million assisting roads and bridges, plus $41,570,750.80 for the Education Enhancement Fund

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. The first $80 million goes to Mississippi Department of Transportation projects; proceeds exceeding $80 million are earmarked for the Education Enhancement Fund.

All numbers contingent on financial audit.

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.

You just read:

Mississippi Lottery Announces July Transfer to the State

Distribution channels:

EIN Presswire's priority is author transparency. We do our best to weed out false and misleading content. The content above is the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.