Florida Lottery Posts Record-High $5 Billion in Sales

By  //  July 11, 2013

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$1.41 BILLION TO BE TRANSFERED TO EDUCATIONAL TRUST FUND

ABOVE VIDEO: The Florida Lottery has provided more than $24 billion to education programs in our first quarter century. See the programs and students who win every time you play the Florida Lottery.

TALLAHASSEE, FLORIDA — A release from the Florida Lottery reported a $5 billion in sales for the 2013-2013 fiscal year, a record-high in its 25 year history.

According to the release, the Lottery also expects to transfer a record $1.41 billion to the Educational Enhancement Trust Fund (EETF) for fiscal year 2012-13.

Gov. Rick Scott

Gov. Rick Scott

 “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.”

In two fiscal years, the Florida Lottery has increased sales by $1 billion. That’s the fastest pace to one billion dollars in 25 years of existence.

The Florida Lottery’s success depends on its effective implementation of an entrepreneurial business model that focuses on the development of new revenue streams and creates a win-win partnership with its private-sector vendors. 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.

Lottery contributions have made an impact with more than $1 billion being transferred annually to the EETF for the past eleven consecutive fiscal years, representing approximately six percent of the state’s total education budget.

SecretaryOConnell-180

Secretary Cynthia O’Connell (*Image Courtesy of Florida Lottery)

“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.”

ABOUT THE FLORIDA LOTTERY

The Florida Lottery is responsible for contributing more than $25 billion to education and sending more than 600,000 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 $40 billion in prizes and made more than 1,500 people millionaires. For more information, please visit www.flalottery.com.

FUNDING BREAKDOWN

For each dollar spent on the Florida Lottery:

  • 61% goes toward prizes
  • 30% goes toward education.
  • 5% goes to retailers.
  • 2% goes to vendors.
  • 2% goes to operating expenses.
(*Image courtesy of Florida Lottery)

(*Image courtesy of Florida Lottery)

 Brevard County Education Contributions from Florida Lottery 

BREVARD
Year Preschool K-12 Grade Community College University Total
1987-88 $0.00 $2,296,943 $1,173,622 $0.00 $3,470,565.00
1988-89 $504,838 $6,008,383 $1,804,371 $0.00 $8,317,592.00
1989-90 $1,134,928 $16,545,134 $3,781,078 $0.00 $21,461,140.00
1990-91 $995,493 $16,155,323 $4,400,169 $0.00 $21,550,985.00
1991-92 $1,414,996 $13,390,809 $6,099,242 $0.00 $20,905,047.00
1992-93 $1,405,662 $13,764,151 $5,961,736 $0.00 $21,131,549.00
1993-94 $1,363,852 $14,821,375 $4,893,350 $0.00 $21,078,577.00
1994-95 $2,080,597 $15,644,398 $4,999,090 $0.00 $22,724,085.00
1995-96 $2,055,444 $13,783,309 $4,340,265 $0.00 $20,179,018.00
1996-97 $2,090,873 $12,914,691 $4,701,432 $0.00 $19,706,996.00
1997-98 $2,072,395 $11,854,585 $4,256,045 $0.00 $18,183,025.00
1998-99 $2,068,606 $5,212,080 $3,853,569 $0.00 $11,134,255.00
1999-00 $2,020,052 $5,306,397 $3,708,232 $0.00 $11,034,681.00
2000-01 $1,980,721 $8,060,699 $4,042,142 $0.00 $14,083,562.00
2001-02 $0.00 $10,875,2530 $3,745,013 $0.00 $14,620,266.00
2002-03 $0.00 $8,906,485 $4,177,767 $0.00 $13,084,252.00
2003-04 $0.00 $11,733,882 $4,802,685 $0.00 $16,536,567.00
2004-05 $0.00 $12,100,668 $3,897,478 $0.00 $15,998,146.00
2005-06 $0.00 $11,094,465 $3,911,249 $0.00 $15,005,714.00
2006-07 $0.00 $10,253,581 $4,612,870 $0.00 $14,866,451.00
2007-08 $0.00 $13,573,636 $4,955,342 $0.00 $18,528,978.00
2008-09 $0.00 $10,463,344 $4,770,121 $0.00 $15,233,465.00
2009-10 $0.00 $9,365,402 $4,350,428 $0.00 $13,715,830.00
2010-11 $0.00 $6,833,455 $4,733,158 $0.00 $11,566,613.00
2011-12 $0.00 $6,734,819 $4,674,534 $0.00 $11,409,353.00
Total $21,188,457  $267,693,267 $106,644,988 $0.00 $395,526,712.00
Bright Futures College Scholarships $59,808,853.00
Funding for School Construction $62,310,203.00
Total Education Funding $517,645,768.00

                                           STATEWIDE EDUCATION FACT SHEET

  • The Florida Lottery was created by a constitutional amendment in 1986 for the purpose of
  • generating additional moneys for public education in the state of Florida.
  • The Florida Lottery has contributed $25 billion in contributions to the Educational
  • Enhancement Trust Fund (EETF).
  • The Lottery has contributed more than $1 billion annually for the past ten consecutive fiscal years.
  • Last fiscal year, the Lottery transferred a record $1.3 billion to the EETF.
  • Lottery proceeds have impacted every school district in our state, contributing to K-12 programs in Florida’s 67 school districts, the building and renovation of schools throughout the state, funding for state universities and community colleges, and state student financial aid.
  • Florida’s public schools (Pre-K and K-12 programs) have received more than $14 billion since the Lottery’s inception.
  • To date, more than $3.9 billion in Lottery revenues have helped build and renovate close to 800 schools through the Classrooms First and Classrooms for Kids Programs.
  • Florida’s state universities and colleges have also benefited, receiving a combined total of more than $6.4 billion since the Lottery’s inception.
  • The Lottery fully-funded the Bright Futures Scholarship Program for many years, and now serves as the program’s main contributor (approximately 90% funded by the Lottery and 10% funded by slots).
  • More than $3.9 billion in Bright Futures scholarships have been awarded to more than 600,000 students in the state. Additionally, $356 million has been provided to students in the form of other state student financial aid.
  • Since the Florida Lottery joined POWERBALL in 2009, the game has generated more than $777 million for the Educational Enhancement Trust Fund.
  • For the past 25 years, the Lottery has remained a dependable contributor to Florida’s
  • education system.
  • Additional information on the Florida Lottery’s contributions to education can be obtained on the Florida Lottery’s website: www.flalottery.com or by calling (850) 487-7787.

Annual Sales and Transfers to the Fiscal Year Net Sales Transferred to Educational Enhancement Trust Fund

  • 1987/1988 $653,614,000 $231,547,000 
  • 1988/1989 $1,814,925,000 $693,824,000 
  • 1989/1990 $2,031,583,000 $806,765,000 
  • 1990/1991 $2,139,038,000 $876,638,000 
  • 1991/1992 $2,174,611,000 $848,315,000 
  • 1992/1993 $2,121,850,000 $850,069,000 
  • 1993/1994 $2,152,524,000 $851,005,000 
  • 1994/1995 $2,238,139,000 $870,367,000 
  • 1995/1996 $2,061,484,000 $817,852,000 
  • 1996/1997 $2,070,058,000 $818,398,000 
  • 1997/1998 $2,050,037,000 $801,685,000 
  • 1998/1999 $2,096,726,000 $807,227,000 
  • 1999/2000 $2,248,496,000 $908,353,000 
  • 2000/2001 $2,274,726,000 $907,157,000 
  • 2001/2002 $2,330,365,000 $926,488,000 
  • 2002/2003 $2,867,981,000 $1,035,178,000 
  • 2003/2004 $3,070,962,000 $1,051,658,000 
  • 2004/2005 $3,470,734,000 $1,103,633,000 
  • 2005/2006 $3,929,030,000 $1,224,651,000 
  • 2006/2007 $4,122,116,000 $1,263,272,000 
  • 2007/2008 $4,174,776,000 $1,283,414,000 
  • 2008/2009 $3,938,036,000 $1,287,855,000 
  • 2009/2010 $3,900,499,000 $1,246,794,000 
  • 2010/2011 $4,008,716,000 $1,191,818,000 
  • *2011/2012 $4,449,896,000 $1,321,663,000 
  • Total $68,390,922,000 $24,025,626,000 
  • *2011/12 Unaudited Net Sales & EETF Transfer amounts

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