The Georgia Lottery Corporation has achieved its most profitable quarter in its 27-year history.
Governor Brian P Kemp has announced this week that the lottery registered more than $383,352,000 in profits for the first quarter of the fiscal year 2021, bringing the total transferred to the State Treasury’s Lottery for Education Account to approximately $22.7bn.
All of the lottery’s profits go to pay for specific educational programs, including Georgia’s HOPE Scholarship Program and Georgia’s Pre-K Program. More than 1.9 million students have received HOPE, and more than 1.6 million four-year-olds have attended the statewide, voluntary prekindergarten program.
Kemp said: “The Georgia Lottery continues to produce strong results for Georgia’s HOPE and Pre-K programs. Students and families throughout the Peach State benefit greatly from the Lottery’s continued success, and we appreciate their hard work to support education in Georgia.”
The Georgia Lottery’s record FY21 first quarter, which began July 1, comes after a record fiscal year that generated more than $1.23bn for HOPE and Pre-K.
Georgia Lottery President and CEO Gretchen Corbin added: “Our record first-quarter provides a strong foundation to build upon for the remainder of the fiscal year. I appreciate the support provided by Governor Kemp, the legislature, and our board of directors. I am also grateful for our exceptional employees, retailers, vendors and partners, and our players.”