As the only traditional lottery in the United States to experience 11 consecutive years of growth in profits, the Georgia Lottery Corp. on Jan. 19, announced record first-half profits towards education. The first half of fiscal year 2010 has posted a record-shattering $429,754,000, surpassing its previous record a year ealier by more than $8.49 million.
“The lottery-funded HOPE Scholarship and Pre-K programs are more important than ever to Georgia’s families,” said Margaret DeFrancisco, president and CEO of the Georgia Lottery. “In these very challenging economic times, these are remarkable results by a remarkable group of lottery professionals who are fully committed to our mission of maximizing dollars for HOPE and Pre-K.”
As one of the most successful education initiatives in Georgia history, the lottery-funded HOPE (Helping Outstanding Pupils Educationally) Scholarship Program provides Georgia students with tuition, mandatory fees, and a book allowance for attendance at any of Georgia’s public colleges, universities or technical colleges. Georgia high school graduates with a 3.0 grade point average in core-curriculum classes may be eligible to receive a HOPE scholarship. A $3,500 scholarship per academic year is awarded to eligible students attending Georgia private colleges/universities full-time.
The HOPE PROMISE Teacher Scholarship Program provides tuition assistance to undergraduate students who aspire to be teachers in Georgia’s public schools. The HOPE Teacher Scholarship Program offers tuition assistance to teachers who seek graduate degrees in critical areas of need. Georgia residents enrolling in a certificate or diploma program at a Georgia public college, university or technical college may be eligible for the HOPE Grant regardless of high school graduation dates or grade point averages. Since inception, more than $5 billion in lottery proceeds has been appropriated and distributed to more than 1.2 million HOPE Scholarship recipients.
“To keep pace with the growing demands on HOPE and Pre-K, we continue to explore fresh and exciting ways to entertain our players and yield new revenue for education,” DeFrancisco said.
The Georgia Lottery’s fiscal year 2010 first half spanned from July 1, 2009 to Dec. 31, 2009.
Since its first year, the Georgia Lottery Corporation has returned more than $11.2 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 1.2 million students have received HOPE, and more than 1 million 4-year-olds have attended the statewide, voluntary prekindergarten program.
On Jan. 31, Georgia Lottery will roll out the multi-state big jackpot game Powerball.
Visit the Georgia Lottery Web site at: www.galottery.com for more info.