Georgia Lottery Corp. raises over half-billion dollars for HOPE, - CBS46 News

Georgia Lottery Corp. raises over half-billion dollars for HOPE, Pre-K

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Source: Georgia Lottery via Twitter Source: Georgia Lottery via Twitter
ATLANTA (CBS46) -

Georgia Lottery Corp. officials announced Wednesday that fiscal year 2017 first-half and second-quarter profits have reached their highest since inception in 1993.

Georgia Lottery profits for the first half of fiscal year 2017 soared to $541 million – $24.5 million ahead of last year’s record. Second-quarter profits transferred to the State Treasury’s Lottery for Education Account will amount to $267.4 million, surpassing last year’s second-quarter transfer by more than $4.8 million.

This brings the total raised by the Georgia Lottery for educational programs in the state of Georgia to more than $18.1 billion since the lottery’s inception in 1993.

The Georgia Lottery’s record first half follows a record fiscal year. In fiscal year 2016, Georgia Lottery profits for education surpassed the billion-dollar mark for the first time in a single fiscal year with nearly $1.1 billion raised.

The first half of the Georgia Lottery’s fiscal year spanned from July 1, 2016, to December 31, 2016. Fiscal year 2017 first-half profits also include funds generated from coin operated amusement machines (COAMs) in Georgia.

Since its first year, the Georgia Lottery Corp. has returned more than $18.1 billion to the state of Georgia for education. 

Copyright 2017 (Meredith Corporation). All rights reserved.

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