June 18, 2002
LOTTERY PROCEEDS INCREASE FOR 10TH YEAR
With today’s final transfer to public education in fiscal year 2002, Missouri Lottery proceeds have topped the previous year’s proceeds for the 10th year in a row. Today’s transfer of $13,379,123 brings the total proceeds to education in fiscal year 2002 to more than $160 million. During the last fiscal year, proceeds totaled $156.9 million.
Jim Scroggins, executive director of the Missouri Lottery, attributes the past year’s increase to strong Powerball sales and higher Scratchers sales due to a greater variety of games and price points.
"Powerball sales are up more than $23 million over last year," Scroggins noted. "Last August, the Powerball jackpot shot up to $280 million, the second-highest jackpot ever offered in Missouri. High jackpots help boost sales, and in turn, Lottery proceeds to Missouri’s public education. In addition to Powerball, Scratchers sales are up more than $40 million."
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 $1.2 billion has been transferred to education for a total of more than $1.8 billion to the state, including education, since the lottery began in 1986.
For more information on lottery proceeds, transfers and programs, go to www.molottery.com.
HISTORY OF LOTTERY TRANSFERS
FY02 $160,092,441.00* **
* All proceeds to public education. All other years’ proceeds went to the General Revenue Fund.
** unaudited figures