News

June 17, 2005

Missouri Lottery Makes Last Fiscal Year Transfer

The Missouri Lottery today made its final transfer of fiscal year 2005 with its monthly transfer of $19.5 million to the Lottery Proceeds Fund for public education. The June transfer - $19,500,078 - is based on ticket sales in May, and it brings the total proceeds to education for fiscal year 2005 to $218,285,010. The fiscal year total is $3.2 million or 1.5 percent more than the Lottery’s estimated goal of $215 million.

From the start of the Lottery in January 1986 through fiscal year 1993, Lottery proceeds of $542,540,033 went to the state’s General Revenue Fund. In August 1992, Missouri voters approved an amendment to direct all Lottery proceeds to public education, and since July 1993, when the law change took effect, the Lottery has contributed more than $1.9 billion to the state’s public education system.

Each year the proceeds are allocated by the governor and the state’s General Assembly during the annual appropriation process. These funds represent approximately 3.7 percent of the total annual funding required for Missouri’s public education system.

For each dollar spent on the Lottery, more than 95 cents goes back to the citizens of the state in one form or another. Approximately 60.5 cents is returned to players as prizes, 28.5 cents goes to the state’s public education programs, 6 cents pays for retailers’ commissions, incentives and bonuses, and 5 cents is used for administrative costs.

For more information concerning Missouri Lottery proceeds, including complete lists of public education programs funded each year since July 1993, visit the Missouri Lottery’s Web site at www.molottery.com.

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12 Scratchers Games Set To Expire In August

Twelve Missouri Lottery Scratchers games are set to expire by Aug. 31. Those games are:

• Game 464 "Weekly $1,000 Payday" expires Aug. 15;

• Game 475 "$300,000 Fortune" expires Aug. 15;

• Game 491 "Red Hot 7’s" expires Aug. 15;

• Game 493 "$300,000 Club Casino" expires Aug. 15;

• Game 494 "Super Monopoly" expires Aug. 15;

• Game 495 "Diamond Bingo" expires Aug. 15;

• Game 508 "Crossword" expires Aug. 15;

• Game 533 "$300,000 Holiday Cash" expires Aug. 31;

• Game 534 "Season’s Greetings" expires Aug. 31;

• Game 535 "Holiday Bingo" expires Aug. 31;

• Game 536 "Ho Ho Holidays" expires Aug. 31;

• Game 537 "Merry Money" expires Aug. 31.







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