2005-09-16 16:20:44.517

Lottery Proceeds To State Top $2.5 Billion Mark

Missouri Lottery proceeds to the state of Missouri, including education, topped $2.5 billion with today’s monthly transfer of $18.1 million. The September transfer of $18,118,260 to the Lottery Proceeds Fund for public education is based on August ticket sales. It brings the total transferred for the fiscal year to more than $52 million and the total transferred since the Lottery began in 1986 to $2,510,309,366.
"Today’s transfer pushes the total proceeds amount generated by the Missouri Lottery since sales started in 1986 past the $2.5 billion mark," said Larry Jansen, executive director of the Missouri Lottery. "In nearly 20 years, Lottery sales have provided the state with billions in valuable revenues that have made a difference. During the last fiscal year alone, Lottery proceeds to education were more than $218 million."
Since July 1993 (fiscal year 1994), when Missouri Lottery proceeds began being earmarked solely for public education, the Lottery has transferred nearly $2 billion.
Jansen noted that while Missouri Lottery proceeds to education are important, they make up approximately 3.8 percent of public education’s annual funding needs.
For a complete list of public education programs currently and previously funded with Missouri Lottery proceeds, along with a complete history of sales and proceeds, see the "Where the Money Goes" section of the Lottery’s Web site at molottery.com.

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