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The Atlanta Journal-Constitution
Published on: 07/15/08
A struggling economy hasn't kept Georgians from buying lottery tickets.
The Georgia Lottery announced Tuesday that sales for fiscal 2008, which ended June 30, were just under $3.52 billion, a record in the 15-year history of the games.
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That's more than $97.6 million ahead of last year's record sales.
The Georgia Lottery transferred $858 million of that to the state for education programs, surpassing last year's record transfer by more than $4.8 million.
Lottery proceeds pay for the HOPE college scholarship program and pre-kindergarten classes for four-year-olds.
The rest of the sales money goes back into prizes and pays for advertising and administrative costs associated with running the lottery.
Gov. Sonny Perdue joined lottery officials at a news conference Tuesday morning announcing the sales and the fact that $10 billion has now been transferred from the lottery to the state for education programs over the past 15 years.
"The Georgia Lottery Corporation has a success formula that works and delivers results for Georgia's students and families," said Lottery Corp. CEO Margaret DeFrancisco. "Lottery-funded HOPE Scholarships and pre-K programs have made a fundamental difference in the lives of so many Georgians. The transfer of our $10 billionth dollar to education is a tremendous accomplishment that we can all celebrate."
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Comments
By Daniel
Aug 29, 2008 12:04 AM | Link to this
I have also played the lottery for years.I win just as much as i pay.Mostly breaking even.I might win $100.00 but then I end up giving it back another day.I think the lottery was once a good thing but now I'm not so sure.Especially since large bonus's are paid to the ceo.The odds of winning have changed greatly.I bought 40 of the new $20.00 ticket and only won $60.00.Also what happenend to the $20.00 green and orange tickets Why were they pulled before all the top prizes were awarded.Seems fishy to me.There was a lot of top prizes left.Go to there web site and check for yourself.
By Leslie
Jul 17, 2008 11:49 AM | Link to this
Brian...obviously YOU are the idiot, not I. My sources are internal and VERY RELABLE! If you are so knowledgable about their sales...display and compare year over year sales and you will notice a decline in dollars spent per person, per capita. Any one can receive this information directly from for I'm sure they will give to you if you ask...can you say cough PUBLIC RECORD? Brian..if you choose to believe the information that is being fed to you through the media, you go right ahead. But if you want to know the truth, I suggest you dig a little deeper and not just rely on manipulated data.
By Hoping for Hope
Jul 16, 2008 8:52 AM | Link to this
If they're making so much money, why did they change HOPE requirements making it harder for students to keep? Supposedly because the funds were low??? Doesn't look like it. People like me who ended the year with a 2.97 lost needed money because of lack of .03 on my grade. Whatever happened to rounding up?
By Brian
Jul 15, 2008 10:18 PM | Link to this
Leslie,
You are an idiot! Where did you get your sources? Which lottery employees complained about their pay? How would you know if the economy affected their paychecks? If you would do some homework, you would know that their SALES were another record as well as the PROFITS! With record sales and profits, why would the lottery have to beg people for sales? So, let me get this straight....Lottery sales and profits sets new records, yet employees aren't getting as much pay????? Another jealous idiot......
By Leslie
Jul 15, 2008 3:48 PM | Link to this
It's amazing how a PR person can put a spin on a story! They really earn their dough! Lottery employees are all griping about how sales are down and how their commissions and bonuses have been affected by this bad economy. The sales are down because of high gas prices and they have to dayum near beg a person to play lottery these days! The amount transferred to education is just a smidgeon of what was projected. The lottery is a sham and people who play it are just plain stupid!
By Ellenwood
Jul 15, 2008 3:04 PM | Link to this
Well i wish my property taxes will go down because a bulk of what i pay is for schools and it looks like they have enough!!
By BP
Jul 15, 2008 3:03 PM | Link to this
Larry, if you were a little more knowledgeable about the branch of mathematics known as combinatorics, you would see the truly sad chances you have of ever hitting it big.
The reason the GA lottery is so "successful" has a lot more to do with the mentality level of the residents than anything else (btw, I'm a GA boy, born and raised). All of this expected gushiness from the head lady is absolutely meaningless of course, as GA stays at the botton (or VERY near) as far as graduation rates, test scores, etc.
By larry
Jul 15, 2008 1:51 PM | Link to this
looks like with the amount of revenue they are generating they should be able to have a lot more big winners than they presently have. I have been playing for years now and the most I won at one time was $100. I guess i need to work in upper management within the lottery to really "hit the lottery" with their big bonuses!!!
By Bob
Jul 15, 2008 12:06 PM | Link to this
Where is this money going, since they are cutting the funds for the Pre-K program in some counties-sounds fishy!
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