Connect with us

Hi, what are you looking for?

Business

Florida Lottery Announces Record-Breaking Year With $9.07 Billion in Sales

Share this Story via Text Message, Facebook, X, Gmail, Outlook, or Yahoo Mail

This week, the Florida Lottery (Lottery) announced its tenth consecutive record-breaking year with an estimated $9.07 billion in annual sales for fiscal year 2020-21, more than $1.5 billion higher than the 2019-20 fiscal year.

As a result, the Lottery anticipates more than $2.2 billion in contributions to the state’s Educational Enhancement Trust Fund (EETF), shattering all previous fiscal year transfer records.

“The Lottery’s sole mission is to maximize revenues for the enhancement of public education,” said Florida Lottery Sec. John Davis. “This year’s contributions to education have exceeded $2 billion for the first time in the Lottery’s 33-year history – a feat we are incredibly proud of! I want to thank our retail partners, loyal players, and dedicated employees who remain committed to ensuring Florida continues to be among the very best Lotteries in the nation.”

Strong Scratch-Off sales of more than $6.8 billion helped account for the majority of the success this fiscal year, including 52 consecutive weeks where Scratch-Off sales were over $100 million. In January, ticket sales exceeded $239.8 million for the week ending January 17, setting a new industry record for the highest sales week on record of any Lottery in the country. This record-breaking sales week surpassed the previous single-week sales record, also held by Florida, of $230.7 million for the week ending January 10, 2016.

Over the past 33 years, the Florida Lottery has firmly established itself as a dependable funding source for public education, contributing more than $1 billion annually for each of the past 19 consecutive fiscal years.

Since 1988, the Florida Lottery has contributed more than $39 billion to education; transferring more than $1 billion to education for each of the past 19 years. More than $6.8 billion in Bright Futures scholarships have been awarded to more than 880,000 students in Florida. Florida’s public schools (Pre-K and K-12 programs) have received more than $21.2 billion since the Lottery’s inception. Florida’s state colleges and universities have also benefited, receiving a combined total of more than $10.5 billion since the Lottery’s inception.

Author

  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

1 Comment

1 Comment

  1. Pingback: Florida Lottery Announces Record-Breaking Year With $9.07 Billion in Sales – Florida Gaming Watch

Leave a Reply

Your email address will not be published. Required fields are marked *

<

Ed Dean: Publisher

 

Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact Ed.Dean@FloridaDaily.com

You May Also Like

Education

Share this Story via Text Message, Facebook, X, Gmail, Outlook, or Yahoo MailThe Florida Lottery released an official statement about a recent milestone for...

Economy

Misty Regulacion of Callahan won a $1 million prize from a Florida Lottery Scratch--Off game.

Education

Share this Story via Text Message, Facebook, X, Gmail, Outlook, or Yahoo MailThis week, the Florida Lottery (Lottery) announced this week it has surpassed...

Education

Share this Story via Text Message, Facebook, X, Gmail, Outlook, or Yahoo MailThe Florida Lottery (Lottery) announced it will debut four new Scratch-Off games....

Follow us on Social Media