Wednesday, July 14, 2004
ATLANTA – Georgia Lottery Corporation (GLC) officials announced today that lottery sales for fiscal year 2004 were the highest on record. As a result, the GLC’s fiscal year 2004 profits transferred to the State Treasury’s Lottery for Education Account will amount to over $782,000,000. This is the largest educational transfer in the GLC’s eleven-year history, surpassing last year’s record transfer by more than $31 million.
“It is gratifying to know that Georgians support our products and the important educational programs funded with lottery proceeds. The success we have enjoyed in fiscal year 2004 will directly benefit Georgia’s students and their families,” said GLC President and CEO Margaret DeFrancisco.
Lottery sales for fiscal year 2004 totaled over $2.71 billion – $106 million ahead of the previous sales record of $2.60 billion in fiscal year 2003.
All Georgia Lottery profits go to pay for specific educational programs. These include Georgia’s HOPE scholarship program; a statewide, voluntary pre-kindergarten program for four-year-olds; and a wide range of technological and capital upgrades for the state’s schools, technical institutes, colleges, universities and public libraries.
Since its first year, the Georgia Lottery Corporation has returned over $6.8 billion to the state of Georgia for education. Lottery proceeds have benefited more than 775,000 HOPE Scholarship recipients and more than 560,000 four-year-old Pre-K students throughout the state.
For more information, please visit the Media Center on the GLC Web site at:
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Georgia Lottery Corporation
Media Relations Department