ATLANTA, Ga. - 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 to Sept. 30.
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.
For more information on the Georgia Lottery Corp., visit www.galottery.com.