The Florida Lottery today announced that its latest transfer to the state’s education trust fund brings the Lottery’s life-to-date education contributions to more than $29 billion.
“The Florida Lottery will mark its 28 year of operation on January 12, and to have surpassed $29 billion in education funding during that time is a tremendous achievement,” said Florida Lottery Secretary Tom Delacenserie. “We owe this success to our employees, Lottery retailers, and most importantly, our players whose continued support will carry us forward in our mission of maximizing revenue for education.”
The Florida Lottery has experienced record sales for five of the first six months of this fiscal year, with total sales to date seven percent higher than for the same period last year. So far this year, the Lottery is averaging more than $100 million a month to benefit education.
For the thirteenth consecutive year the Lottery has transferred more than $1 billion to education, and has continued to lead the 10 largest-selling lotteries in the nation in sales growth and growth in contributions to beneficiaries. The Florida Lottery is the second largest-selling lottery in the country in terms of sales and net revenue.
Florida Lottery contributions represent approximately six percent of the state’s total education budget. Lottery funds are appropriated by the Florida Legislature and are administered by the Florida Department of Education.
ABOUT THE FLORIDA LOTTERY
The Florida Lottery is responsible for contributing more than $29 billion to education and sending more than 700,000 students to college through the Bright Futures Scholarship Program. The Florida Lottery reinvests 97 percent of its revenue back into Florida’s economy through prize payouts, commissions to more than 13,000 Florida retailers and transfers to education. Since 1988, Florida Lottery games have paid more than $48.5 billion in prizes and made more than 1,800 people millionaires. For more information, please visit www.flalottery.com.