LOTTERY TRANSFERS $12.7 MILLION TO EDUCATION FUND
The Missouri Lottery today transferred $12.7 million to the Lottery Proceeds Fund to be used for public education programs. The February transfer of $12,773,528 brings the total sent to education during fiscal year 2001 to more than $104 million.
Since lottery sales began 15 years ago, the lottery has provided the state, including education, with more than $1.6 billion.
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 2001, visit the Lottery’s Web site at www.molottery.com.