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Georgia Lottery sales hit record $1.56 billion

Georgia LotteryGeorgia Lottery: Georgia Lottery sales hit record $1.56 billion

The Georgia Lottery Corp., which finances the HOPE Scholarship program, Thursday announced record sales for the first half of fiscal year 2007.

Lottery President and CEO Margaret DeFrancisco said the six-month numbers were $28.4 million ahead of the same period last year, which was a record at the time. The fiscal year began July 1.

Sales for the first half of fiscal year 2007 totaled $1.56 billion, with $400 million going to education — more than $4.1 million ahead of last year. The rest of the money, about 75 percent of the sales income, went toward lottery expenses, including payouts to winners and rebates to retailers.

DeFrancisco touted the improved numbers at a ribbon-cutting ceremony for the lottery's two recently opened outlets at Hartsfield-Jackson International Airport. Atlanta Mayor Shirley Franklin and the airport's deputy general manager, Mario Diaz, attended the announcement.

The lottery chief attributed the increase to 40 new instant games that were added in 2006 as well as the addition of two popular lottery games, Win For Life and Millionaire Raffle.

"One of our other strategies is to be in places where the lottery has not been located," DeFrancisco said during an interview.

Diaz said the two airport lottery outlets, in the North and South Terminal baggage claim areas, have generated about $700,000 in sales in their first two months. If that pace continues, those outlets will generate about $3 million a year, making the airport one of the lottery's top three locations in the state, lottery officials said. The lottery pays Hartsfield-Jackson 7 percent of sales to keep the outlets at the airport.

Since the lottery's 1993 inception, its high-odds games of chance have raised more than $8.8 billion for education. The lottery finances HOPE and Georgia's pre-kindergarten program. One million students have received HOPE Scholarships, and more than 700,000 4-year-olds have attended the statewide voluntary pre-kindergarten program.

DeFrancisco said the Georgia lottery ranks fifth in the nation in total sales behind California, New York, Florida and Texas. She said it ranks 15th out of 175 lotteries worldwide.

Atlanta Journal-Constitution

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6 comments. Last comment 10 years ago by CASH Only.
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Avatar
Coastal Georgia
United States
Member #2653
October 30, 2003
1866 Posts
Offline
Posted: January 19, 2007, 2:11 pm - IP Logged

The Georgia Lottery Corp., which finances the HOPE Scholarship program, Thursday announced record sales for the first half of fiscal year 2007.

Lottery President and CEO Margaret DeFrancisco said the six-month numbers were $28.4 million ahead of the same period last year, which was a record at the time. The fiscal year began July 1.

Sales for the first half of fiscal year 2007 totaled $1.56 billion, with $400 million going to education — more than $4.1 million ahead of last year. The rest of the money, about 75 percent of the sales income, went toward lottery expenses, including payouts to winners and rebates to retailers.

DeFrancisco touted the improved numbers at a ribbon-cutting ceremony for the lottery's two recently opened outlets at Hartsfield-Jackson International Airport. Atlanta Mayor Shirley Franklin and the airport's deputy general manager, Mario Diaz, attended the announcement.

The lottery chief attributed the increase to 40 new instant games that were added in 2006 as well as the addition of two popular lottery games, Win For Life and Millionaire Raffle.

"One of our other strategies is to be in places where the lottery has not been located," DeFrancisco said during an interview.

Diaz said the two airport lottery outlets, in the North and South Terminal baggage claim areas, have generated about $700,000 in sales in their first two months. If that pace continues, those outlets will generate about $3 million a year, making the airport one of the lottery's top three locations in the state, lottery officials said. The lottery pays Hartsfield-Jackson 7 percent of sales to keep the outlets at the airport.

Since the lottery's 1993 inception, its high-odds games of chance have raised more than $8.8 billion for education. The lottery finances HOPE and Georgia's pre-kindergarten program. One million students have received HOPE Scholarships, and more than 700,000 4-year-olds have attended the statewide voluntary pre-kindergarten program.

DeFrancisco said the Georgia lottery ranks fifth in the nation in total sales behind California, New York, Florida and Texas. She said it ranks 15th out of 175 lotteries worldwide.

Glad I was able to contribute to the record........

On a serious note, I disagree with Ms. DeFranciso on the popularity of Win for Life.
I have spoken with a lot of people and they all say the same thing- the payout is terrible on this game ( no, they don't even mention the lack of a cash option, CASH ONLY) so they avoid it .

Also, I bet C-store owners really appreciate that the Lottery Commission pays the airport 7% for the privilige of selling tickets there....almost makes one think of organized crime..

How much do they pay stores to sell their tickets ?

 

                               

              

 

 

    SirMetro's avatar - center
    East of Atlanta
    United States
    Member #6191
    August 11, 2004
    1389 Posts
    Offline
    Posted: January 19, 2007, 3:22 pm - IP Logged

    Glad I was able to contribute to the record........

    On a serious note, I disagree with Ms. DeFranciso on the popularity of Win for Life.
    I have spoken with a lot of people and they all say the same thing- the payout is terrible on this game ( no, they don't even mention the lack of a cash option, CASH ONLY) so they avoid it .

    Also, I bet C-store owners really appreciate that the Lottery Commission pays the airport 7% for the privilige of selling tickets there....almost makes one think of organized crime..

    How much do they pay stores to sell their tickets ?

    Per the PDF posted here http://www.galottery.com/uploads/media/retailerforweb06.pdf they pay 7% for all Cash3 sales and 5% for all other sales plus 2% on any monies that is paid out along with cash bonuses for any winning ticket sold for Fantasy 5, Megamillion and W4L.

    So perhaps the news failed to mention the true break down because I think the C-stores would raise a ruckus if they found out they were being cheated out of 2% (and yes, there really is an association group of Convenience stores that monitors the local, state and federal laws of what is and is not allowed).

      Avatar
      Coastal Georgia
      United States
      Member #2653
      October 30, 2003
      1866 Posts
      Offline
      Posted: January 19, 2007, 3:45 pm - IP Logged

      Per the PDF posted here http://www.galottery.com/uploads/media/retailerforweb06.pdf they pay 7% for all Cash3 sales and 5% for all other sales plus 2% on any monies that is paid out along with cash bonuses for any winning ticket sold for Fantasy 5, Megamillion and W4L.

      So perhaps the news failed to mention the true break down because I think the C-stores would raise a ruckus if they found out they were being cheated out of 2% (and yes, there really is an association group of Convenience stores that monitors the local, state and federal laws of what is and is not allowed).

      True about the associations ....

      7% of all sales at the airport- plus the bonuses.... not too bad.

      Thanks SirMetro..

       

                                     

                    

       

       


        United States
        Member #379
        June 5, 2002
        11296 Posts
        Offline
        Posted: January 19, 2007, 4:14 pm - IP Logged

        Glad I was able to contribute to the record........

        On a serious note, I disagree with Ms. DeFranciso on the popularity of Win for Life.
        I have spoken with a lot of people and they all say the same thing- the payout is terrible on this game ( no, they don't even mention the lack of a cash option, CASH ONLY) so they avoid it .

        Also, I bet C-store owners really appreciate that the Lottery Commission pays the airport 7% for the privilige of selling tickets there....almost makes one think of organized crime..

        How much do they pay stores to sell their tickets ?

        Obviously the GA Lottery wants to put a "positive" spin on LOSE for Life. Until either the game is changed (or better yet, terminated.)

        If you go to www.valottery.com, there is a hint that LOSE for Life is struggling, at least in VA. I'm hoping global warming continues to heat up so there is no use for those jackets. (GA, KY, and VA replaced Lotto South with LOSE for Life.)

          Avatar
          Coastal Georgia
          United States
          Member #2653
          October 30, 2003
          1866 Posts
          Offline
          Posted: January 20, 2007, 10:16 am - IP Logged

          Obviously the GA Lottery wants to put a "positive" spin on LOSE for Life. Until either the game is changed (or better yet, terminated.)

          If you go to www.valottery.com, there is a hint that LOSE for Life is struggling, at least in VA. I'm hoping global warming continues to heat up so there is no use for those jackets. (GA, KY, and VA replaced Lotto South with LOSE for Life.)

          global warming and the lottery .
          Please explain the correlation, CASH...

           

                                         

                        

           

           


            United States
            Member #379
            June 5, 2002
            11296 Posts
            Offline
            Posted: January 20, 2007, 10:28 am - IP Logged

            global warming and the lottery .
            Please explain the correlation, CASH...

            There really isn't any. But, as long as global temperatures increase (never mind that it finally feels like winter in NY), who would want to wear a jacket, whether or not it has to do with a lottery?