Florida Lottery Announces $27 Billion in Transfers to Education

Aug 20 • 623 Views • View Comments

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TALLAHASSEE – The Florida Lottery announces a new milestone of $27 billion in transfers to education since 1988. In fiscal year 2014, the Lottery had record-breaking sales of more than $5.36 billion resulting in the transfer of $1.49 billion – more than $100 million a month to education.
Governor Rick Scott said, “This has been an outstanding year for the Florida Lottery, and for Florida’s students and schools. Providing our children with a quality education will equip them with the necessary skills to succeed in life. We are working to ensure our children are ready to compete in the new global economy. Over the past 26 years, the Lottery has proven its commitment to education funding at every level, and this investment will benefit our children.”

For the twelfth 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.

“I want to thank Governor Scott for his commitment to education. Floridians can always count on the Lottery to remain focused on our mission to maximize revenues for the educational programs we fund,” said Secretary Cynthia O’Connell. “In the coming year, we will continue to explore new product offerings that will help generate enthusiasm among our players and grow revenues for education in our state.”

Florida Lottery contributions represent approximately six percent of the state’s total education budget. Lottery education funds are appropriated by the Florida Legislature and are administered by the Florida Department of Education.

The Florida Lottery is responsible for contributing more than $27 billion to education and sending more than 650,000 students to college through the Bright Futures Scholarship Program. The Florida Lottery reinvests nearly 98 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 $37 billion in prizes and made more than 1,300 people millionaires. For more information, please visit www.flalottery.com.

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