Profits from Missouri Lottery ticket sales in June were sent to the Lottery Proceeds Fund for public education Friday. The transfer of $24,601,921 marks the first monthly transfer of funds for fiscal year 2019.
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.
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 FY18, the Lottery collected $4 million in state tax withholdings, along with another $955,000 in debt offsets for back taxes, child support, public defender fees and other state agency debts.
For complete information about Missouri Lottery proceeds, including the specific programs benefited in each county, see the “Where the Money Goes” section at MOLottery.com.