- Associated Press - Friday, June 10, 2016

JEFFERSON CITY, Mo. (AP) - The Missouri Lottery says it has set a new record for profits.

The Lottery said Friday that it transferred nearly $309 million to public education during the state fiscal year that ends this month. It says that’s 7 percent higher than the previous annual record of nearly $289 million set in 2013.

Lottery Executive Director May Scheve Reardon says a large jackpot helped drive up sales. She also cited improved efficiencies.

The state constitution requires all Lottery revenues not used for prizes or administrative expenses to go to public K-12 schools and higher education institutions.

The Lottery says more than 65 percent of its money goes to prizes, 24 percent goes to education, 6 percent to retailers’ commissions and a little more than 4 percent for administrative costs.

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