The Missouri Lottery today sent more than $24.9 million to the Lottery Proceeds Fund for public education. Today’s monthly transfer of $24,949,550, based on January sales, brings the total for fiscal year 2018 to more than $206.4 million.
Since Missouri Lottery sales started in 1986, the Lottery has generated more than $5.9 billion for the state and public education. Annual Lottery proceeds comprise about 4 percent of the state’s funding for public education – an effort shared by local, state and federal governments.
Prior to each fiscal year, the Lottery averages the most recent five years’ profits for a “benchmark” and increases that amount by 1 percent to arrive at a prudent goal for the next fiscal year.
Programs currently funded in FY18 include the A+ Scholarship Program, the Foundation Program and Access Missouri, among many others.
In addition to providing funds for public education, the Lottery also benefits the state by collecting state taxes on prizes of more than $600. During FY17, the Lottery collected $3.6 million in state tax withholdings, along with another $664,000 in debt offsets for back taxes, child support, public defender fees and other state agency debts.
For complete information about Missouri Lottery proceeds, including maps of proceeds by program and by county, see the “Where the Money Goes” section at MOLottery.com.
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Several Scratchers Games to Expire Soon
Time is running out to redeem prizes from eight Missouri Lottery Scratchers games. The games and deadlines are:
Game 073, “$2 MONOPOLY” expires – Feb. 20
Game 093, “$500 Frenzy” – expires Feb. 20
Game 099, “Cash Vault” – expires Feb. 20
Game 102, “Bankroll Tripler” – expires Feb. 20
Game 141, “Buried Treasure” – expires March 13
Game 023, “$1,000,000 Platinum Payout” – expires March 27
Game 094, “$100 Frenzy” – expires March 27
Game 116, “$100,000 Bonanza” – expires March 27