Gain an edge! Stay tuned into what's happening in the lottery world.
Stay updated with the recent news and stories happening in lotteries!
Mississippi Lottery’s first year of operation has been a roller coaster ride! From selling their first lottery ticket to combating a drop in sales due to COVID-19, just a few months late, the Lottery has seen it all in its introductory year.
Currently, the lottery is riding its journey of success and has transferred approximately $70.7 million to the state treasury in less than a year of operation. This huge success of the Lottery is hinting towards the funding of state education by 2021.
After deducting all the expenses and prize payouts, the first $80 million will be allocated to the State Highway Fund that maintains and builds, roads, bridges, and highways in Mississippi. Lottery proceeds that will surpass $80 million will be allocated to the Education Enactment Fund to upkeep the facilities in schools, transportation, and classroom supplies. Since the lottery’s average sales cross $10 million every week, it is very likely that it will surpass the $80 million mark and will soon contribute to education in the coming fiscal year.
Considering a complete shut down due to the advent of the global pandemic, the lottery sales saw a drop by 10% to 13%, thus producing $70,7 million after all deductions, which is allocated to the maintenance of roads and bridges.
The President of Mississippi Lottery, Tom Shaheen, states that it is a good start, and in the coming months they look forward to raising more revenue for Mississippi’s bridges, roads, and education.
The Lottery releases new scratch-off games on the first Tuesday of every month, with a daily draw game - Cash 3 already on the list, thereby increasing its portfolio and sales. The Lottery is planning to introduce a number of draw games to entertain its players!
Hurry up your start picking your winning numbers with us and be the next Mississippi lottery winner!
Get every update by subscribing to our email newsletter and never miss a chance to win!
Looking to gain an edge on lotteries? Let us help you with statistics and data-driven information! Get inside information at your fingertips today!Try it for Free