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July 19, 2005, 12:59 amGA Billions in Education

Georgia Lottery Corporation Posts Another Record Year!
 
Date: July 15, 2005
 
Contact: Media Relations Department
 
ATLANTA – Georgia Lottery Corporation (GLC) officials announced today that sales for fiscal year 2005 were the highest in the lottery’s 12-year history. Lottery sales for fiscal year 2005 totaled $2,922,332,167 – $211 million ahead of the previous sales record of $2.71 billion in fiscal year 2004.

As a result, the Georgia Lottery’s fiscal year 2005 profits transferred to the State Treasury’s Lottery for Education Account will amount to over $802,083,000. This is the largest educational transfer in GLC history, surpassing last year’s record transfer by more than $19 million.

“Our success is a direct reflection of the dedication and teamwork displayed by Georgia Lottery employees and retailers along with the support of our players,” said GLC President and CEO Margaret DeFrancisco. “We believe in our mission and we are committed to maximizing dollars for the educational programs we fund.”

Online and instant games performed well during fiscal year 2005 with a strong boost from instant games. Instant game sales were driven by the extremely popular game $100 Million Cash Spectacular and its corresponding promotion, Million-Dollar Hoopla.

“Over the past year, we have debuted fun, new games and relaunched some player favorites including Fantasy 5 and Mega Millions. We also introduced several innovative and exciting promotional campaigns,” said Mrs. DeFrancisco. “We will continue to work hard to raise dollars for education. With every dollar raised by the Georgia Lottery Corporation, the ultimate winners are the students of Georgia.”

Since its first year, the Georgia Lottery Corporation has returned over $7.6 billion to the state of Georgia for education. All Georgia Lottery profits go to pay for specific educational programs. These include Georgia’s HOPE scholarship program; a statewide, voluntary pre-kindergarten program for four-year-olds; and a wide range of technological and capital upgrades for the state’s schools, technical institutes, colleges, universities and public libraries.

 

For more information, please visit the Media Center on the GLC Web site at:
www.galottery.com

Last Edited: January 16, 2009, 11:06 am

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