Mississippi’s lottery is making more money than expected. It could soon go to education.

Sales of lottery tickets are averaging about $10 million or more a week statewide, and if that trend continues, education will get some of the proceeds from the Mississippi Lottery this fiscal year.

“The lottery has been way more successful than we anticipated,” Sen. Joel Carter, R-Gulfport, said this week during a meeting of the Gulf Coast Business Council.

Mississippi’s first lottery ticket was sold on Nov. 25, 2019 and Powerball and Mega Millions national lottery games were added two months later on Jan. 30.

From November through June — even with the coronavirus shutdown that cut sales by 10% to 13% in the early weeks — Mississippi Lottery Corporation transferred $70.7 million in net proceeds to the state treasury.

Since then the lottery has boosted state coffers by another $18.3 million.

Where the money goes

Some of the net proceeds in the beginning months were used to repay

Read More

Scientific Games Congratulates Oklahoma Lottery On Topping $1 Billion In Contributions To K-12 Education

$1 Billion to Education Milestone Coincides with Lottery’s 15th Anniversary

LAS VEGAS and ATLANTA, Sept. 28, 2020 /PRNewswire/ — Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) congratulates the Oklahoma Lottery (or the “Lottery”) on surpassing the $1 billion in contributions to the Oklahoma Education Lottery Trust Fund maximizing revenue for public education in the state. The $1 billion milestone coincides with the Oklahoma Lottery’s 15th Anniversary, giving the state cause to celebrate. The Oklahoma Lottery is one of the youngest in the U.S. and has partnered with Scientific Games on all of its games and technology since the Lottery’s inception in 2005.

Scientific Games Congratulates Oklahoma Lottery on Topping $1 Billion in Contributions to K-12 Education
Scientific Games Congratulates Oklahoma Lottery on Topping $1 Billion in Contributions to K-12 Education

“When voters approved the Oklahoma Lottery in 2004, they did so with the promise of increased funding for education. Today we celebrate an accomplishment that has helped countless Oklahoma

Read More