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$11B to State From Lottery
Thursday, 16 July 2009

July 16-- The Georgia Lottery Corp. today announced it has transferred a total of $11 billion for education to the state of Georgia since the lottery’s inception in 1993. The Georgia Lottery closed the books on fiscal year 2009 as the only traditional lottery in the U.S. to experience 11 consecutive years of growth in profits.

“The transfer of $11 billion to education is a remarkable accomplishment that benefits Georgia’s students and families,” said Georgia Lottery President and CEO Margaret DeFrancisco. “We are very pleased that we were able to sustain growth and raise more dollars for the HOPE Scholarship and Pre-K programs despite challenges presented by the current economic climate.”

The Georgia Lottery’s fiscal year 2009 profits transferred to the State Treasury’s Lottery for Education Account were $872,082,000.

Georgia Lottery sales for fiscal year 2009, which spanned from July 1, 2008, to June 30, 2009, were $3,663,061,000.

Since its first year, the Georgia Lottery Corporation has returned over $11 billion to the state of Georgia for education. All Georgia Lottery profits go to pay for specific educational programs including Georgia’s HOPE Scholarship Program and Georgia’s Pre-K Program. More than 1.1 million students have received HOPE, and more than 940,000 4-year-olds have attended the statewide, voluntary prekindergarten program.

 

 
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