Lottery Makes $29.2 Million Contribution to Missouri Public Schools
The Missouri Lottery made a very large contribution to Missouri public education on Friday, January 10th. A total of $29.2 million was transferred to our schools — the third largest monthly transfer in the Lottery’s 28-year history.
What lead to the massive contribution? The Lottery saw great sales in December for the $648 million jackpot, and it set a weekly Scratchers ticket record that month as well.
The largest-ever transfer of Lottery money to Missouri public schools was $30.4 million in April 2012. The second-largest was a $30.3 million transfer which took place in June 2013.
Approximately 25% of the Lottery’s sales go toward Missouri public schools. That amounts to around 24.8 cents per dollar spent on lottery tickets. Overall, the Lottery’s contributions account for around 4% of Missouri’s public elementary, secondary, and higher education funding.
Learn more about funding for Missouri’s schools:
State-Level Funding for Missouri Public Schools
Where Does Missouri’s Public Education Funding Come From?
The Missouri Lottery Funds Missouri Public Schools
Posted on Thu, January 30, 2014
by MOParent filed under