Mississippi Lottery passes $2 billion in gross sales

Jan 18, 2024, 6:59 am (26 comments)

Mississippi Lottery

Since the first tickets were sold in November 2019, the Mississippi Lottery has passed $2 billion in gross sales.

"These four years have passed in a flurry of excitement and growth," said Mississippi Lottery Corp. President Jeff Hewitt. "Reaching the $2 billion mark is an incredible accomplishment, and we are excited about continuing our growth and success into year five."

MLC has returned more than $500 million to the state  for roads, bridges and education. More than $377 million has gone to the Highway Fund and more than $142 million to the Education Enhancement Fund.

By law, the first $80 million of lottery proceeds go toward the state highway fund to help with the state's infrastructure, with the remaining going to the the education enhancement fund. That deal is in place for the first 10 years of the lottery. After that, the first $80 million will go to the general fund.

"Enthusiastic retailers, loyal players, dedicated Lottery employees and knowledgeable vendors have all contributed to the success of the MLC," said Mike McGrevey, chairman of the MLC board of directors. "Given the achievements so far and the plans for the future, I sincerely believe the Mississippi Lottery will continue to be a winner for Mississippi."

Mississippi had been one of six states without a lottery, but people from the state were driving to Arkansas, Louisiana and Tennessee to buy tickets. Mississippi residents voted to add a state lottery all the way back in 1992, but it took until 2018 for legislators to finally vote to create the games of chance as a way to generate money for infrastructure. Hiring staff, vetting retailers and starting games took more than a year. On Nov. 25, 2019, the first lottery tickets were sold in Mississippi.

Thanks to Bleudog101 for the tip.

Daily Journal, Lottery Post Staff

Comments

Lotterologist's avatarLotterologist

No surprise there...

Todd's avatarTodd

I feel bad for Alabama residents who have to sit there and watch from the sidelines.

Lotterologist's avatarLotterologist

Quote: Originally posted by Todd on Jan 18, 2024

I feel bad for Alabama residents who have to sit there and watch from the sidelines.

It's likely that Alabama will eventually have a lottery  too.

dannyct

Quote: Originally posted by Todd on Jan 18, 2024

I feel bad for Alabama residents who have to sit there and watch from the sidelines.

Many Alabamians are participating and contributing to the budgets of neighboring states.

On any given day, if you drive up to Tennessee, down to Florida, or over to Georgia, you can find Alabamians waiting in line to purchase lottery tickets.

 

DON'T LET THE PERFECT BE THE ENEMY OF THE GOOD!

Bleudog101

Played their lottery in Biloxi finally.   Noticed they just added Double play to Powerball.  A letter was mailed to them to compliment on them getting a lottery because they did not rush into it and memory says they thoroughly researched other lotteries before starting.

Mentioned before, I think about WDRB interviewing me a year ago November regarding sports betting in Kentucky.  I don't do that but mentioned folks will just go to neighboring states to bet.   It did not pass, then suddenly it went through in May!  It has brought millions into the state's coffer already for the pension fund.

Memory not working when we were in Alabama when vote Yes on the lottery, certainly been over 10 years.  Not sure how the voters voted but it doesn't matter---they still don't have a lottery.

dannyct

 The Mississippi Lottery should offer online subscriptions. It would very convenient for players and raise additional revenue for the state.

 

 

 

Quaina78

And yet hardly any of those funds actually goes back to the players who made this possible!

Brock Lee's avatarBrock Lee

Quote: Originally posted by Quaina78 on Jan 18, 2024

And yet hardly any of those funds actually goes back to the players who made this possible!

quantum physicists have a technical term for this phenomenon: money sucking vortex for suckers.

Lotterologist's avatarLotterologist

Quote: Originally posted by Brock Lee on Jan 18, 2024

quantum physicists have a technical term for this phenomenon: money sucking vortex for suckers.

More like money sucking vortex for unfortunates born in the poverty trap.

Lions prey on the lambs and the rich prey on the poor but in the end, God will have the last word.

Lotterologist's avatarLotterologist

Quote: Originally posted by Quaina78 on Jan 18, 2024

And yet hardly any of those funds actually goes back to the players who made this possible!

Matthew 10:17-25, the King James Version.

Brock Lee's avatarBrock Lee

Quote: Originally posted by Lotterologist on Jan 19, 2024

Matthew 10:17-25, the King James Version.

green stamps catalog page 28, taylor's version.

Lotterologist's avatarLotterologist

Quote: Originally posted by Brock Lee on Jan 19, 2024

green stamps catalog page 28, taylor's version.

I say the King James version because there are many new "versions" that twist the Word of God and support sin, abomination, and all types of ungodliness.

I recommend the King James version because it is the closest to the truth.

Lotterologist's avatarLotterologist

To the "geniuses" downvoting my posts....

It's much wiser to down vote my posts than enter into a debate you know you can't win.

No matter how smart you THINK you are, you can never win against the truth! 

And here's why....

The SUN shines by TRUTH!

The EARTH turns by TRUTH!

There is NOTHING STRONGER than TRUTH!

Wavepack

Obvious deceptive writing in this article.  For example, 

"MLC has returned more than $500 million to the state ..."

as if the money in the lottery originated from the state.   No, the money came from the lotto players.   And many of them did something productive to earn that money, unlike the State.

A more revealing way to write the same sentence would read:

"The MLC, a monopoly spawned by State coercion,  siphoned $500 million dollars away from the lotto players to the State."

That siphoning of money away from the lotto players increases State power and control by $500 million dollars.

Ringoriddle

Crooks ! They don't pay out like they should plus they change numbers

Brock Lee's avatarBrock Lee

Quote: Originally posted by Wavepack on Jan 19, 2024

Obvious deceptive writing in this article.  For example, 

"MLC has returned more than $500 million to the state ..."

as if the money in the lottery originated from the state.   No, the money came from the lotto players.   And many of them did something productive to earn that money, unlike the State.

A more revealing way to write the same sentence would read:

"The MLC, a monopoly spawned by State coercion,  siphoned $500 million dollars away from the lotto players to the State."

That siphoning of money away from the lotto players increases State power and control by $500 million dollars.

"siphon" isn't accurate either. nobody is forcing suckers to make a sucker's bet. more like voluntary payments to the state with an average rebate of about 50%.

Brock Lee's avatarBrock Lee

Quote: Originally posted by Lotterologist on Jan 19, 2024

I say the King James version because there are many new "versions" that twist the Word of God and support sin, abomination, and all types of ungodliness.

I recommend the King James version because it is the closest to the truth.

i don't read the bible and i don't consider tossing bible verses hither and thither to be a valid argument.

Lotterologist's avatarLotterologist

Quote: Originally posted by Brock Lee on Jan 19, 2024

i don't read the bible and i don't consider tossing bible verses hither and thither to be a valid argument.

No one considers a comic and joke teller to be a deep thinker.

As a philosopher, you're a great comedian.

Lotterologist's avatarLotterologist

Quote: Originally posted by Brock Lee on Jan 19, 2024

"siphon" isn't accurate either. nobody is forcing suckers to make a sucker's bet. more like voluntary payments to the state with an average rebate of about 50%.

You don't know if anyone is forcing the poor to make a sucker's bet or not!

How do you think the poor is going to escape their poverty...invest in real estate or the stock market???

They're forced into making sucker's bets by being oppressed!

You sound like one of those Archie Bunker types who think that all poor people are lazy.

Confucius say, "Never judge a man until you walk a mile in his shoes."

LooneyGambler

I used to go east to Florida, and then sometimes upwards to Georgia to purchase Powerball, Mega Millions, or  Lotto tickets. 45 degrees from Florida into Georgia heading from Biloxi, Mississippi.

cottoneyedjoe's avatarcottoneyedjoe

Quote: Originally posted by Brock Lee on Jan 19, 2024

"siphon" isn't accurate either. nobody is forcing suckers to make a sucker's bet. more like voluntary payments to the state with an average rebate of about 50%.

I agree. Siphoning is mostly a passive process after the initial expense of energy to get the process going. Playing the lottery on a regular basis takes continual effort and how could anyone be forced to do it? Most players -- poor and rich alike -- understand they are most likely going to spend more than they win in the long run. Nobody is being deceived.

Wavepack

Quote: Originally posted by Brock Lee on Jan 19, 2024

"siphon" isn't accurate either. nobody is forcing suckers to make a sucker's bet. more like voluntary payments to the state with an average rebate of about 50%.

When the payout percentage average of State lotteries is ultra low (even compared to Las Vegas one-armed bandits, which have much higher payout percentages), then that is excessive taking from the lottery players.

When the payout percentage is low, that means more money is taken from the players when all the accounting is done.   That taking is very accurately described as siphoning.

 

And not focusing on the ultimate source of the problem, which is a State-created coerced monopoly -- that's just distracted like a fool.   Substituting coercion in place of what can be done voluntarily is a colossal mistake.

Lotterologist's avatarLotterologist

Quote: Originally posted by Wavepack on Jan 20, 2024

When the payout percentage average of State lotteries is ultra low (even compared to Las Vegas one-armed bandits, which have much higher payout percentages), then that is excessive taking from the lottery players.

When the payout percentage is low, that means more money is taken from the players when all the accounting is done.   That taking is very accurately described as siphoning.

 

And not focusing on the ultimate source of the problem, which is a State-created coerced monopoly -- that's just distracted like a fool.   Substituting coercion in place of what can be done voluntarily is a colossal mistake.

You are correct. Slot machines are called "one armed bandits" for a reason and the payout percentages of state lotteries are even lower than that. There is a topic on this website entitled, "If The Lottery Was Honest". I thank you for posting that video and revealing the facts.

Lotterologist's avatarLotterologist

Quote: Originally posted by Brock Lee on Jan 19, 2024

i don't read the bible and i don't consider tossing bible verses hither and thither to be a valid argument.

I know you don't read the Bible. I learned that months ago during our debate on the topic about the billionaire who sued his baby's mother for telling his parents he won.

I didn't post about the King James version for those who don't read the Bible.

I posted that information for the benefit of those that do.

Lotterologist's avatarLotterologist

Quote: Originally posted by Brock Lee on Jan 19, 2024

i don't read the bible and i don't consider tossing bible verses hither and thither to be a valid argument.

Anyone whose read that topic can see your post where you stated, "i'm not up on the bible...", but if any man be ignorant let him be ignorant. (1st Corinthians 14:38)

Lotterologist's avatarLotterologist

If a fool be associated with a wise man, even all his life, he will perceive the truth as little as a spoon perceives the taste of food; If an intelligent man spend one minute only with a wise man, he will soon perceive the truth as the tongue perceives the taste of soup --- The Dhammapada

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