Florida Lottery Revenue For Education Surpasses $1 Billion for Current Fiscal Year
By Space Coast Daily // February 16, 2016
'This is a tremendous accomplishment'
The Florida Lottery announced that recent sales revenue brings the Lottery’s fiscal year-to-date education contributions to an estimated $1 billion.
This accomplishment comes a full month before Lottery revenue for education reached $1 billion last fiscal year.
The Florida Lottery has experienced record sales for six months of this fiscal year, with total sales to date 11.78 percent higher than for the same period last year.
In January, the Florida Lottery set an all-time high monthly sales record of $716 million, driven in large part by sales generated from the series of POWERBALL jackpot rollovers that resulted in the historic $1.5 billion jackpot.
Florida Lottery contributions represent approximately six percent of the state’s total education budget. Lottery funds are appropriated by the Florida Legislature and are administered by the Florida Department of Education.
“This is a tremendous accomplishment, not only for the Lottery, but also for education in Florida,” said Florida Lottery Secretary Tom Delacenserie.
“For the past 28 years Lottery contributions have benefitted Florida students and schools, and we are hopeful that this year will mark the largest contribution yet. It would also mark the 14th consecutive year that the Lottery has transferred more than $1 billion to the Educational Enhancement Trust Fund.”
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