Welcome Guest
Log In | Register )
You last visited December 10, 2016, 11:28 am
All times shown are
Eastern Time (GMT-5:00)

Georgia Lottery has best quarter ever

Georgia LotteryGeorgia Lottery: Georgia Lottery has best quarter ever

The Georgia Lottery had its strongest ticket sales ever during the past quarter, relieving concerns from state officials that slow sales would prove costly to the HOPE scholarship program.

Lottery officials said yesterday that they sold $827 million worth of tickets during the third quarter of fiscal 2005 — from January through March. For the first nine months of fiscal 2005, sales hit $2.15 billion, up 4.8 percent from the first three quarters of last year.

Sales were particularly strong for instant games. The Georgia Lottery has sold $170 million more in instant game tickets during the first three quarters than it did in 2004.

That's good news for the popular scholarship program, which guarantees Georgia students with a 3.0 average or higher full tuition at an in-state public college. It has also paid a book allowance and mandatory fees.

Lottery sales are being closely watched because of concerns that declining sales could force cutbacks in the HOPE scholarship and pre-kindergarten programs, which are lottery-funded. Last year, lawmakers approved a package of reforms to ensure the programs would be financially solvent even if lottery sales dipped.  The improved sales mean there won't be further cuts, state officials said.

Ticket sales were down during the first half of fiscal 2005, raising concerns the state would begin cutting back on book payments to students.

"I think we should be fine," said Shelley Nickel, president of the Georgia Student Finance Commission, which administers HOPE.

Legislation passed last year would cut back book and fee payments if HOPE's surplus dipped. The increase in lottery sales will probably make that unnecessary.

A House study commission is scheduled to review HOPE later this year.

Lottery Post Staff

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

9 comments. Last comment 12 years ago by LOTTOMIKE.
Page 1 of 1

United States
Member #379
June 5, 2002
11296 Posts
Offline
Posted: April 15, 2005, 3:57 pm - IP Logged

It helps that Georgia has a rapidly growing population.

    LOTTOMIKE's avatar - cash money.jpg
    Tennessee
    United States
    Member #7853
    October 15, 2004
    11338 Posts
    Offline
    Posted: April 23, 2005, 4:31 am - IP Logged

    georgia runs a good lottery too,that helps.

      richgal57's avatar - animal butterfly.jpg
      Atlanta, Georgia
      United States
      Member #4212
      March 31, 2004
      37 Posts
      Offline
      Posted: April 25, 2005, 10:51 am - IP Logged

      WhoooHOO!!! Georgia's got it going on!!


        United States
        Member #379
        June 5, 2002
        11296 Posts
        Offline
        Posted: April 28, 2005, 10:10 am - IP Logged

        But I hear that their "million-dollar" ticket is annuity-only.

          LOTTOMIKE's avatar - cash money.jpg
          Tennessee
          United States
          Member #7853
          October 15, 2004
          11338 Posts
          Offline
          Posted: April 28, 2005, 9:28 pm - IP Logged
          Quote: Originally posted by CASH Only on April 28, 2005



          But I hear that their "million-dollar" ticket is annuity-only.




          uh oh........
            LOTTOMIKE's avatar - cash money.jpg
            Tennessee
            United States
            Member #7853
            October 15, 2004
            11338 Posts
            Offline
            Posted: April 29, 2005, 6:40 am - IP Logged

            money is money to me......


              United States
              Member #379
              June 5, 2002
              11296 Posts
              Offline
              Posted: April 29, 2005, 4:16 pm - IP Logged

              When is a million dollars not a million dollars?

                LOTTOMIKE's avatar - cash money.jpg
                Tennessee
                United States
                Member #7853
                October 15, 2004
                11338 Posts
                Offline
                Posted: May 13, 2005, 5:25 am - IP Logged

                when was the last time georgia had a mega millions winner?

                  LOTTOMIKE's avatar - cash money.jpg
                  Tennessee
                  United States
                  Member #7853
                  October 15, 2004
                  11338 Posts
                  Offline
                  Posted: May 13, 2005, 5:26 am - IP Logged

                  both virginia and georgia have great lotteries.