Governor Brian Kemp announced on Monday that the Georgia Lottery Corp.’s had its most profitable quarter in its 27-year history. The Georgia Lottery registered more than $383,352,000 in profits for the first quarter of fiscal year 2021, bringing the total transferred to the State Treasury’s Lottery for Education Account to approximately $22.7 billion.
“The Georgia Lottery continues to produce strong results for Georgia’s HOPE and Pre-K programs,” said Governor Kemp. “Students and families throughout the Peach State benefit greatly from the Lottery’s continued success, and we appreciate their hard work to support education in Georgia.””
The Georgia Lottery’s record FY21 first quarter, which began July 1, comes on the heels of a record fiscal year that generated more than $1.23 billion for HOPE and Pre-K.
“Our record first quarter provides a strong foundation to build upon for the remainder of the fiscal year,” said Georgia Lottery President and CEO Gretchen Corbin. “I appreciate the support provided by Governor Kemp, the legislature, and our board of directors. I am also grateful for our exceptional employees, retailers, vendors and partners, and our players.”
Since its first year, the Georgia Lottery Corp. has returned approximately $22.7 billion to the state of Georgia for education. All Georgia Lottery profits go to pay for specific educational programs, including Georgia’s HOPE Scholarship Program and Georgia’s Pre-K Program. More than 1.9 million students have received HOPE, and more than 1.6 million 4-year-olds have attended the statewide, voluntary prekindergarten program.