Wednesday, January 14, 2004
ATLANTA – The Georgia Lottery Corporation (GLC) closed the books on the first half of fiscal year 2004 by announcing the largest second quarter transfer to education in GLC history. Record breaking first and second quarter transfers to the Lottery for Education Account in fiscal year 2004 will total more than $376 million - $24 million more than last year’s benchmark - making the first six months of fiscal year 2004 the most successful start in its 11-year history.
“The Georgia Lottery’s mission is to maximize revenues for education in Georgia,” said Cathy Walls, Interim President and CEO of the Georgia Lottery Corporation. “The success we have enjoyed in the first six months of fiscal year 2004 will benefit Georgia’s students.”
Lottery sales for fiscal year 2004 have surpassed $1.4 billion - $72 million ahead of where they were at this same time last year.
Since its first year, the Georgia Lottery Corporation has returned over $6 billion to the state of Georgia for education. Last fiscal year $360 million in lottery proceeds was awarded to Georgia’s HOPE Scholars and $252 million to Georgia’s Pre-K Program.
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
Media Relations Manager
media [at] galottery [dot] org