Record profits to education programs for the Georgia Lottery’s 20th year
The Georgia Lottery has released its reports for the 2012 fiscal year, and is celebrating their 20th year in operation with record profits totaling over $927 million for education programs.
The Georgia Lottery came to be in 1993 as a way to help add funding for education. The Georgia Lottery proceeds go to educational programs including Georgia’s HOPE Scholarship Program, voluntary Pre-Kindergarten programs, and technology training for teachers. The Georgia Lottery has transferred over $14.6 billion to fund educational programs since its inception 20 years ago. Now in its 20th year, the Georgia Lottery has helped more than 1.6 million students receive the HOPE scholarship, and given more than 1.4 million four-year-olds access to Pre-Kindergarten.
The Georgia Lottery’s 20th year has brought in higher than expected revenue. This year’s profits exceed the previous record set last year by 2.9%. Last year’s profits for education programs totaled $901.3 million, and this year’s total beat that by over $26 million, setting a new record for the state.
The Georgia Lottery offers 9 draw games including Powerball and Mega Millions. The Georgia Lottery also offers a Second Chance program, giving lottery players more ways to win in Georgia. This year’s increase in sales can be attributed to the growing Powerball jackpots in the past year, as well as the growing popularity of their draw and instant games.
The successful year gives the Georgia Lottery a reason to celebrate their 20th birthday, as well as continue to fulfill their promise to help education. For more information on the Georgia Lottery and their game offerings, check out their website.