Wednesday, April 13, 2005
ATLANTA - The Georgia Lottery Corporation (GLC) today announced its sales and educational proceeds reached an all-time high for the third quarter of fiscal year 2005, which spanned from January 1, 2005 to March 31, 2005. Georgia Lottery sales totaled $827,478,000 for the third quarter of fiscal year 2005, marking the highest sales quarter in GLC history.
The Georgia Lottery will transfer its fiscal year 2005 third quarter profits to the State Treasury's Lottery for Education Account in the amount of $218,275,000. This is the largest third quarter transfer in the history of the GLC, bringing the total raised for educational programs in the state of Georgia to more than $7.4 BILLION since the lottery's inception in 1993.
"We are exceptionally pleased with our record-breaking sales and transfer to education," said Georgia Lottery President and CEO Margaret DeFrancisco. "The phenomenal results we've achieved are a reflection of our hardworking employees and retailers. We are pleased that our players find our games fun and entertaining, and we remain dedicated to our mission of maximizing dollars for the educational programs we fund."
Sales for online and instant games remain strong across the board. Instant games have performed particularly well, led by the popular game $100 Million Cash Spectacular and its corresponding promotion, Million-Dollar Hoopla.
Georgia Lottery sales for the first three quarters of fiscal year 2005 surpassed $2.15 billion - more than $100 million ahead of where they were at this same time last year.
Georgia Lottery transfers to the Lottery for Education Account for the first three quarters of fiscal year 2005 will total more than $599.5 million - over $10 million more than last year's record benchmark - making the first nine months of fiscal year 2005 the most successful start in the GLC's 12-year history.
Since its first year, the Georgia Lottery Corporation has returned over $7.4 billion to the state of Georgia for education. 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.
For more information, please visit the Media Center on the GLC Web site at:
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Georgia Lottery Corporation
Media Relations Department