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.
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