Georgia Lottery Celebrates Record First Quarter Transfer; $291.6M Raised for HOPE and Pre-K
Thursday, October 17th, 2019
The Georgia Lottery Corp. announced record profits for education for the first quarter of fiscal year 2020. Profits transferred to the State Treasury’s Lottery for Education Account will amount to $291.61 million, surpassing last year’s record first quarter transfer by $6.32 million.
The Georgia Lottery’s record first quarter transfer follows a record fiscal year. In fiscal year 2019, the Georgia Lottery transferred $1.14 billion, making it the fourth consecutive year the Lottery surpassed $1 billion in profits for education.
“We are extremely proud of the success we’ve had in maximizing revenues for HOPE and Pre-K,” said Georgia Lottery President and CEO Gretchen Corbin. “Our record first quarter is a great foundation to build upon for the remainder of fiscal year 2020 and a reminder of all the support we receive from our players, retailers and partners.”
The first quarter of the Georgia Lottery’s fiscal year spanned from July 1, 2019, to Sept. 30, 2019.
Since its first year, the Georgia Lottery Corp. has returned more than $21.3 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 1.8 million students have received HOPE, and more than 1.6 million 4-year-olds have attended the statewide, voluntary prekindergarten program.