Georgia's education fund gets record lottery payout

Lauren Williams's picture
Monday, July 28, 2014

The Georgia Lottery Corp. last week reported its largest single-year transfer to the state’s education fund, which supports financial aid for pre-kindergarten and higher education students.

The lottery’s $945 million transfer to the state for the 2014 fiscal year surpasses last year’s record by $17.6 million.

The total raised for education is now more than $15.5 billion since the lottery’s inception in 1993.

Legislation authorizes the lottery state’s payouts to education should be around 35 percent.

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