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Mo. Lottery makes 3rd largest education transfer

Mo. Lottery makes 3rd largest education transfer

January 10th, 2014 in News

JEFFERSON CITY, Mo. (AP) -- The Missouri Lottery has provided a larger-than-usual payment to public education because of stronger-than-usual sales.

The Lottery transferred $29.2 million to a state education fund Friday. That's the third largest monthly transfer in the Lottery's 28-year history.

Lottery officials cited strong Mega Millions sales in December for a $648 million jackpot. The Lottery also set a weekly record for distributed Scratchers tickets in December.

About one-quarter of every dollar of Lottery sales goes to public education programs. Slightly less than two-thirds of the proceeds go toward prizes.

The Missouri Lottery's largest monthly transfer to education was $30.4 million in April 2012, followed by $30.3 million in June 2013. In both instances, there were large jackpots in nationwide lottery games and strong sales for Missouri Scratchers tickets.