Mississippi Lottery sales top $1bn in first two years
The Mississippi lottery has generated more than $1bn in sales since gaming became legal in the state in late 2019.
US.- The Mississippi Lottery Corporation has announced that net proceeds to the state in 2021 surpassed $137m. Total sales to date passed the $1bn mark in November 2021, less than two years after the first day of sales following the legalisation of gaming in the state in late 2019.
Sales of lottery ticket have generated $261m for the state of Mississippi. Each fiscal year, the first $80m generated goes to infrastructure with the rest going to the state’s Education Enhancement Fund.
“Reaching the $1bn mark is an incredible accomplishment considering the challenges we all faced just three and a half months after we launched,” said MLC President Jeff Hewitt. “Our players have embraced our games, while our lottery retailers and vendors have worked hard to achieve this historic milestone for our organization and Mississippi.”
Under the Alyce G. Clarke Lottery Law, the MLC is required to transfer net proceeds within 20 days following the close of each calendar month. There are more than 1,800 lottery retailers in the state.
In December, the Mississippi Lottery Corporation (MLC) transferred $9.9m in net proceeds from November to the Lottery Proceeds Fund at the Mississippi State Treasury. That represented a decline from October’s figure of $11.2m.
