The Florida Lottery has announced that its latest transfer to the state’s Education Enhancement Trust has taken the total transfers beyond $40bn.
Throughout the current fiscal year, the lottery has transferred an average of $5.6m per day to take total transfers up to $1.41bn.
As per state legislation, the Florida Lottery must send its profits to the state to help fund education for less fortunate children in the state.
Since the lottery’s inception in 1988, Florida’s public schools have received over $21.2bn in funding, whilst colleges and universities have received over $10.5bn combined. Furthermore, over $6.8bn has been allocated towards the Bright Futures Scholarship Program, which has helped nearly 900,000 students enrol on college and university courses since 1997.
“This is a tremendous accomplishment in our mission to enhance education in Florida,” said Florida Lottery Secretary John F Davis.
“I fully believe that a solid education is the foundation to a successful life and the work we do every day at the Lottery provides vital support for all students – from the first day of kindergarten to college graduation.
“We remain steadfast in our focus to provide Floridians the best Lottery games available so that we can continue to create lasting educational opportunities for students to pursue their dreams of a brighter future.”