News

October 19, 2000

LOTTERY MONEY TO EDUCATION TOPS $1 BILLION

The Missouri Lottery’s monthly proceeds transfer today pushes the total amount of proceeds to public education to more than $1 billion since July 1993. This month’s transfer, based on sales in September, is $10.2 million, bringing the total to Missouri’s public education to $1,002,121,115.37. "We’re proud to surpass this significant milestone for education," said Jim Scroggins, executive director of the Missouri Lottery. "During the past seven years, Lottery money has helped fund many important education programs." From the Lottery’s start in January 1986 through June 30, 1993, all proceeds were sent to the state’s General Revenue Fund, some of which funded public education in Missouri. The Lottery raised more than half a billion dollars in proceeds during that time. In August 1992, Missouri voters overwhelmingly approved a measure to send all Lottery proceeds to education, and that measure took effect in July 1993. Since that time, more than $1 billion in lottery ticket proceeds has gone to public education in Missouri. Approximately 30 cents of every dollar spent playing the Lottery goes to education. The Missouri Lottery’s contribution to public education is about 3 percent of education’s total annual funding. Each year, the Legislature appropriates Lottery proceeds to various education programs. For a complete list of education programs funded in fiscal year 2000, visit the Lottery’s Web site at www.molottery.com





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