The Georgia Lottery Corp.announced yesterday that its annual fiscal year 2016 profit transfer to the state’s Treasury’s Lottery for Education Account totals $1,097,567,000– the largest on record.This is the first time the Georgia Lottery has transferred over $1 billion in a single fiscal year.

“We appreciate the commitment from our dedicated lottery and COAM retailers, players, vendor partners and employees. We are grateful to our board of directors for their leadership and guidance,” says Debbie Alford, the Lottery president and CEO. “We’re proud to have reached the extraordinary milestone of raising over $1 billion for HOPE and Pre-K.”

A Lottery media release says profits transferred surpass last year’s record transfer by more than $117 million. It also reports that players won $2.75 billion in prizes in FY16, and retailers earned over $270.7 million in commissions. (Fiscal year 2016 spanned from July 1, 2015, through June 30, 2016.) 

The total raised for educational programs in Georgia is more than $17.6 billion since the lottery’s inception in 1993, Alford says.

All Lottery profits go to pay for specific educational programs, including Georgia’s HOPE Scholarship Program and Georgia’s Pre-K Program. More than 1.7 million students have received HOPE, and more than 1.4 million 4-year-olds have attended the statewide, voluntary prekindergarten program.

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