LOTTERY PROCEEDS REACH NEW HEIGHTS
The Missouri Lottery today set a new annual record with its transfer of $12.4 million to public education. The total proceeds to education in fiscal year 1999 topped $150.5 million, breaking the previous fiscal-year record for the seventh year in a row. During the last fiscal year, proceeds totaled $147.1 million.
Today’s monthly transfer of $12,432,520 brings the total for fiscal year 1999 - which ends June 30 - to $150,578,471.
"The Missouri Lottery is proud to increase funding for education," said Jim Scroggins, executive director of the Missouri Lottery. "Each year, we try hard to beat the previous record, and we’ve managed to do that the past seven years."
Scroggins attributes the past year’s increase to: a record-high $295 million
Powerball jackpot run in July; the introduction of Pick 4; and several successful promotions, such as the "Second Summer of the Century," the "Ticket to Ride" and the "Pick 3 Doubler." The record Powerball jackpot run alone brought more than $12.9 million in proceeds for education.
From January 1986, when lottery sales began, through fiscal year 1993 the lottery provided the state General Revenue Fund with more than $542 million.
After voters approved Amendment 11 in August 1992, all proceeds earned since fiscal year 1993 have benefited Missouri’s elementary, secondary and higher education programs. More than $661 million has been transferred to education for a total of more than $1,342,509,276 to the state, including education, since the lottery began in 1986.