News

April 6, 2012

Missouri Lottery Makes Largest Transfer on Record

For the first time in its 26-year history, Missouri Lottery monthly proceeds to public education have exceeded $30 million, setting a new record. The proceeds transfer of $30,359,547 includes profits from ticket sales in March. The previous record was $29 million, which was transferred to public education last September.

“This is outstanding news for Missouri public education, and we are thrilled,” said May Scheve Reardon, executive director of the Missouri Lottery. “The record proceeds are, no doubt, a result of the world record Mega Millions jackpot run in March, combined with record Scratchers sales and other operational initiatives we’ve put in place.

“We are working hard to optimize our products and presence at retail, teaming up with professional sports organizations, advertising more, and re-evaluating our operations to find ways to raise more money for public education,” Reardon said.

Today’s transfer brings the total proceeds transferred in fiscal year 2012 to more than $238 million. Since the Lottery began 26 years ago, it has generated more than $4.2 billion for the state and public education. Programs funded in FY12 include the A+ Scholarships, the Foundation Program and Access Missouri. For more information about Missouri Lottery proceeds, see the “Where the $ Goes” section at Molottery.com.

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