Monday, July 8, 2013

Florida Gov. Rick Scott: More Lottery Money Going To Education

TALLAHASSEE, Florida -- Celebrating its 25th anniversary this year, the Florida Lottery announced today it has posted a record-breaking $5 billion in sales for fiscal year 2012-13.  As a result, the Lottery also expects to transfer a record $1.41 billion to the Educational Enhancement Trust Fund (EETF) for fiscal year 2012-13.  

“Today’s news that the Florida Lottery will invest more than $1 billion for Florida’s education system means more students will have the opportunity to get a quality education," Governor Scott said.  "The Lottery’s education investments build on our success last session to increase state education investments by more than $1 billion and provide teachers with a well-deserved pay raise.”  

According to the Florida Lottery website, the Lottery has contributed more than $1 billion annually for the past eleven consecutive fiscal years.  Last year, the amount transferred to the EETF was $1.31 billion.  During that same year, Brevard County received $6.7 million for K-12 while $4.6 million went to Brevard Community College.

Lottery officials say that the Lottery constantly evaluates its operating expenses in order to maximize profits, a practice that has resulted in the Lottery having one of the lowest expense rates among domestic lotteries.

“The Lottery’s sole mission is to sell tickets to generate additional funding for education.  We are extremely proud to be able to transfer this unprecedented amount to the Education Enhancement Trust Fund this year,” said Florida Lottery Secretary Cynthia O’Connell. “On behalf of the entire organization, we thank our players and our retailers for making this, such an exceptional year.”


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