Nixon orders review of state lottery, proceeds to education drop

3 years 10 months 3 days ago Wednesday, July 23 2014 Jul 23, 2014 Wednesday, July 23, 2014 1:56:00 PM CDT July 23, 2014 in News
By: The Associated Press and Paige Travis, KOMU 8 Digital Producer

JEFFERSON CITY (AP) - Gov. Jay Nixon has ordered a review of the Missouri Lottery after a decline in the proceeds transferred to education.

The Missouri Lottery had record sales of nearly $1.16 billion during the 2014 budget year that ended June 30.

But the amount of money transferred to education declined to $267 million from a high mark of nearly $289 million during the 2013 budget.

Nixon said Wednesday that he has asked the Office of Administration to conduct a comprehensive review of the Lottery's ability to provide a stable funding source for public schools.

"For more than two decades, Missourians have counted on the lottery to help provide the resources our schools need to deliver the high quality education our kids deserve," Gov. Nixon said. "Today, we have a responsibility to make sure the lottery keeps its promise to our public schools in an efficient and effective manner. This comprehensive review will help ensure the Missouri Lottery continues to fulfill its mission of providing a stable funding source for Missouri schools now and for years to come."

Most Lottery revenues are paid out in prizes.

About 23 percent of the proceeds were transferred to education during the last budget year. That percentage had been consistently above 25 percent during the past decade.

 

 

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