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Georgia Lottery posts educational transfers totaling $15B

By   /   January 16, 2014  /   Comments

Special to the Journal

ATLANTA – As the Georgia Lottery Corp. celebrates its 20th anniversary, lottery officials today announced record proceeds to education for the first half of fiscal year 2014. The Georgia Lottery’s first-half transfers to the Lottery for Education Account will bring the total raised for educational programs in the state to $15 billion since the lottery’s inception in 1993.

Georgia Lottery returns to education for the first half of fiscal year 2014 totaled $462.1 million, more than $11.6 million ahead of the same period last year.

“More dollars will go to fund educational programs in Georgia than ever before as a result of our strong start to the fiscal year,” said Georgia Lottery President and CEO Debbie D. Alford. “We are proud of our accomplishments and remain committed to maximizing revenues to benefit Georgia’s students.”

The first half of the fiscal year spanned from July 1, 2013, to December 31, 2013.

Georgia Lottery profits received a strong boost from the $636 Mega Millions jackpot in December. One of the two jackpot winners was a Georgia resident.

Since its first year, the Georgia Lottery Corp. has returned more than $15 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 1.6 million students have received HOPE, and more than 1.3 million 4-year-olds have attended the statewide, voluntary prekindergarten program.

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  • Published: 223 days ago on January 16, 2014
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  • Last Modified: January 16, 2014 @ 1:57 pm
  • Filed Under: Government
 

About the author

Owner / Editor / Writer

Tom Knighton is the publisher of The Albany Journal. In November, 2011, he became the first blogger to take over a newspaper anywhere in the world. In August of 2012, he made the difficult decision to take the Journal out of print circulation and become an online news agency, a first for the Albany area.

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