Georgia Lottery has revealed profits of $376.5m will be transferred to educational programs in the state of Georgia as updated stakeholders on its Q2 profit performance.
For the period ending December 31, the lottery generated $376,513,000 in profits bringing the total transferred to the State Treasury’s Lottery for Education Account since inception to more than $24.6bn.
Owing to its strong operational performance, this transfer marks the lottery’s highest ever Q2 transfer to the state, enhancing the funds aiding students in Georgia.
“With their largest Q2 transfer ever, the Georgia Lottery continues to make an immeasurable impact on the lives of Georgia’s students and their families,” commented state Governor Kemp.
“By continuing to invest in our state’s most important asset, its children, Georgia is raising a generation of leaders capable of keeping our state the best place to live, work, and raise a family.”
Following this announcement, the lottery’s strong financial performance means that, for the first half of FY22, its profits have so far reached $741.3m.
“Our first half achievements provide a solid start to the fiscal year, as we continue to work diligently for Georgia’s students and their families, who rely on HOPE and Pre-K,” added Georgia Lottery President and CEO, Gretchen Corbin.
“I am so appreciative of Governor Kemp, our board of directors, and the legislature for their support. I also would like to thank our dedicated employees, retailers, vendors, partners, and players for their continued support.”