Florida Lottery Ticket Sales Reach $467 Million In August, Sets All-Time Record
By Space Coast Daily // September 8, 2016
$150 million added to Educational Trust Fund
TALLAHASSEE, FLORIDA – The Florida Lottery announces it reached $467 million in ticket sales for the month of August, an all-time record high, and 5.29 percent higher than last year’s August record.
August ticket sales generated an estimated $120 million in contributions to the Educational Enhancement Trust Fund (EETF), driven primarily by a series of rollovers and high jackpots for both POWERBALL and MEGA MILLION.
On August 22, the Lottery transferred $150 million to the Educational Enhancement Trust Fund from July operations.
This marked the third largest transfer in a single month since fiscal year 1991-92, it’s also 30 percent higher than the Lottery’s transfer for this month last year.
“The Lottery’s sole mission is to sell tickets to generate additional funding for education,” said Florida Lottery Secretary Tom Delacenserie.
“We are extremely proud that this unprecedented sales record will assist in furthering that goal. For the past 28 years, Lottery dollars have benefited Florida’s students and schools, and we are confident that this year will prove to be the largest contribution yet.”
Florida Lottery contributions represent approximately six percent of the state’s total education budget.
Lottery funds are appropriated by the Florida Legislature and administered by the Florida Department of Education.
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