January 26, 2004
Missouri Lottery Makes Largest Transfer
The Missouri Lottery today made a record proceeds transfer to public education with its monthly transfer of $25,108,613. The January transfer is based on ticket sales in December. The previous record transfer amount was $23.8 million in August of 2003.
"Proceeds from December sales are high due to a combination of factors such as a large Powerball jackpot, strong holiday-themed Scratchers sales and the holiday promotion," said Jim Scroggins, executive director for the Missouri Lottery. "Scratchers sales during one week in December were $10 million, the highest they have been since March 1986, shortly after the Lottery began."
This month’s transfer brings the total provided to public education in fiscal year 2004 to more than $136.5 million and the total amount of proceeds generated by the Lottery since it began in 1986 to more than $2.1 billion.
Approximately 27.5 cents of every dollar spent playing the Lottery goes to public education programs in Missouri. The Missouri Lottery’s contribution to public education is about 3.5 percent of education’s total annual funding. Each year, the Legislature appropriates Lottery proceeds to various education programs. For a list of programs funded, visit Where the Money Goes.