The Florida Lottery has announced its latest state transfer has taken its total contribution to the state’s Educational Enhancement Trust Fund past $41bn.
Updating stakeholders, the lottery confirmed that, during FY2021/22, it has contributed $5.9m per day to the education fund, which supports public schools in the state and improves the quality of education for Florida’s pupils.
“Our latest milestone of $41bn in contributions to education comes just five months after the Lottery reached its $40bn milestone, which is truly incredible,” said Florida Lottery Secretary John F Davis.
“Our goal is that every student in every corner of Florida knows a brighter future is attainable. At the Lottery, we believe education is the catalyst for changing the trajectory of students’ lives, and it begins with us supporting today’s students as they aspire to learn and achieve greatness as tomorrow’s leaders.”
Breaking down the educational benefits since the lottery’s inception, over $21.9bn has been contributed to Florida’s public schools, while colleges and universities have received a combined total of more than $11.1bn.
Furthermore, over $7.4bn has been used to fund the Bright Futures Scholarship Program, which has enabled more than 917,000 students to attend college since 1997.
In its latest yearly financial report, the lottery recorded record-breaking sales of $9.07bn with more than $2.2bn in Education Enhancement Trust Fund transfers, also a record.