Missouri Lottery gives record amount to public education - KAIT Jonesboro, AR - Region 8 News, weather, sports

Missouri Lottery gives record amount to public education

(Source: Missouri Lottery) (Source: Missouri Lottery)
JONESBORO, AR (KAIT) -

The Missouri Lottery provided a record amount of money to public education in January, thanks in part to the record breaking $1.5 billion Powerball Jackpot on Jan. 13.

The lottery transferred $42.1 million to the education system on Feb. 11. According to a press release, that is the highest monthly transfer ever in the lottery’s 30-year history.

“Not only was the record jackpot run a lot of fun, giving players a chance to do some serious dreaming, but it was also very beneficial for Missouri public education,” said May Scheve Reardon, executive director of the Missouri Lottery. “It wasn’t just Powerball sales that pushed sales and proceeds so high; we also had strong Scratchers sales, due in part to the holiday games and promotion, and more traffic in retail locations. Altogether, they created enormous sales and proceeds.”

Before this month, the largest transfer was $30,359,547 in April 2012. That was also a result of a then-record Mega Millions Jackpot worth $656 million.

Many Missouri players also benefited from the jackpot, including one $1 million Powerball prize won by eight U.S. Postal Service employees in St. Louis and 34 prizes worth $50,000 sold to players across the state.

“A total of $8.5 million in Powerball prizes were won during this run and $3.1 million was earned by retailers who sell Lottery tickets,” Reardon said.

Since Missouri Lottery sales started in 1986, the Lottery has generated more than $5.3 billion for the state and public education. 

Annual lottery proceeds comprise about 4 percent of the state’s funding for public education.

During the past fiscal year, the lottery also added $8.7 million in state tax collections from prize winnings to the General Revenue Fund.

Copyright 2016 KAIT. All rights reserved.

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