The Georgia Lottery Corp. today announced its most successful year ever with historic profits generated for Georgia’s HOPE and pre-K scholarship programs. The Georgia Lottery raised a record $ 1,544,954,000 in profit for fiscal 2021, bringing the total transferred to the treasury education lottery account since its inception to more than $ 23.8 billion .
âComing out of a tough year, these Georgia Lottery numbers are great news for our students and our economy,â Governor Brian Kemp said. âFrom preschool to HOPE, lottery-funded educational programs form the basis of a lifetime of learning and help us retain our best and brightest students. We are confident that these funds will continue to ensure that Georgia is the best state to live, work and receive a great education. “
FY21 marks the sixth consecutive year that the Georgia Lottery has surpassed $ 1 billion in education profits, surpassing the previously set FY20 record of over $ 307.6 million. This was the 10th consecutive year of educational lottery profit growth.
âOver the past year, like many organizations, we have faced many challenges,â said Gretchen Corbin, President and CEO of Georgia Lottery. “We pivoted, made adjustments and worked hard every day focusing on Georgia students and our mission to maximize income for HOPE and Pre-K.”
Scratch and draw games have performed well thanks to new introductions and promotions, as well as big Mega Millions and Powerball jackpots. The iLottery products have also been of great help as players have become more familiar with the online gaming options while continuing to patronize the regular Georgia Lottery retailers across the state. The COAM product, regulated by the Georgia Lottery, also contributed to returns.
“I am grateful for the support of Governor Kemp and our legislature, the leadership of our board of directors, our advisory boards and the diligence of our lottery staff, partners, suppliers and valued retailers.” , Corbin said. âI also love our players, who enjoy our products as a source of entertainment knowing that when they play Georgia students win big. “
Since its first year, the Georgia Lottery Corp. returned more than $ 23.8 billion to the State of Georgia for education. All Georgia Lottery profits are used to pay for specific educational programs, including the Georgia HOPE Scholarship Program and the Georgia Pre-K Program. Over 1.9 million students have received HOPE and over 1.6 million 4-year-olds have participated in the statewide voluntary preschool program.
For more information on Georgia Lottery Corp., please visit: www.galottery.com.