Another month, another milestone for the Mississippi Lottery.
After exceeding $80 million last month, allowing funds to reach the state’s Education Enhancement Fund for the first time, the March transfer of more than $16.7 million brings the total transfer for the current fiscal year to over $100 million—$101,652,540.31 to be exact.
“This is the first monthly transfer fully directed to fund education,” MLC President Tom Shaheen said. “We at the lottery are thrilled this milestone was reached only nine months into our first full fiscal year of operation. This is truly a great day for Mississippians.”
The first $80 million of lottery proceeds each year go to road and bridge needs around the state for ten years. Anything above that is placed into the Education Enhancement Fund.