Mississippi pockets more than $27 million from lottery in last three months
Published 10:23 am Saturday, March 21, 2020
Revenue from the Mississippi Lottery continues to increase.
The state has collected more than $27 million from the lottery that started operating in November.
The Mississippi Lottery Corporation said Friday that it deposited $11.6 million into the state treasury.
That is the net proceeds from lottery games played during February.
The state received $8.4 million from lottery games played during January and $7.6 million from lottery games played during December.
Mississippi legislators voted in 2018 to create the games of chance as a way to generate money for infrastructure. Mississippi was one of six states without a lottery, but people from the state were driving to Arkansas, Louisiana and Tennessee to buy tickets.
Hiring staff, vetting retailers and starting games in Mississippi took more than a year.
For the first 10 years, the first $80 million a year from Mississippi lottery revenue will go to infrastructure needs. After the $80 million benchmark is hit, the rest goes to education. After the 10-year period is over, the first $80 million will go to the state’s general fund with the rest continuing to go toward education.