Where The Money Goes
Where The Money Goes
The Georgia Lottery’s mission is to maximize revenues for specific educational programs. In Fiscal Year 2024, the GLC transferred $1,490,726,227 to the Lottery for Education Account – that’s $4 million (on average) raised every day for HOPE & Pre-K. The Georgia Lottery ranks #2 in highest per capita returns to beneficiaries for state lotteries without VLT revenue, according to LaFleur’s World Lottery Almanac.
Simply put, no. In Fiscal Year 1997, the Georgia Lottery transferred 35% of lottery revenues to the Lottery for Education Account in the amount of $362 million. In Fiscal Year 2024, the Georgia Lottery raised $1.49 billion for HOPE & Pre-K, accounting for 25.5% of lottery revenues for Fiscal Year 2024. The Georgia Lottery responsibly manages prize payouts to maximize revenues for the important education programs funded with lottery proceeds.
Administrative operating expenses of the Georgia Lottery Corporation accounted for .9% of lottery revenues in Fiscal Year 2024. Gaming expenses totaled .2% and marketing and advertising accounted for .8%. Gaming vendors (IGT Corporation, Scientific Games International and Intralot) receive a percentage of sales for their services, accounting for 2.3% of operating expenses. Altogether, Georgia Lottery gaming and operating expenses made up 4.2% of total revenue in Fiscal Year 2024.
By law, the Georgia Lottery Corporation (GLC) is governed by a seven-member board of directors that is appointed by the Governor. The Lottery for Education Act also creates a joint committee of the General Assembly to serve as the Georgia Lottery Corporation Legislative Oversight Committee, comprised of the House Regulated Industries Committee & Senate Economic Development Committee. The Lottery is accountable to the Governor, the General Assembly through the Joint Legislative Oversight Committee, and to the public through regular and on-going audits and reports. All audits and reports are public documents. Additionally, the Georgia Lottery releases its annual financial reports.
The GLC board of directors commissions extensive compensation studies by independent third party firms to ensure GLC pay practices are in line with the marketplace; requires the Corporation to contract with independent auditing firms to ensure the GLC’s financial viability on an annual basis; and requests profit optimization studies be conducted periodically by independent gaming experts to ensure the Corporation is maximizing revenues to its beneficiaries.
Fiscal Year 2024
Contact Georgia Lottery Corporation
250 Williams Street, Suite 3000
Atlanta, GA 30303
Main Office: 404-215-5000
Hotline: 1-800-GA-LUCKY
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