Business

Florida Lottery Scratch-Off Tickets Haul in $12.2 Million for Education in One Week

By: Sunshine State News | Posted: February 26, 2013 3:55 AM

Cynthia O’Connell

Florida Lottery Secretary Cynthia O’Connell | Credit: Dave Heller

The Florida lottery experienced another record-breaking week of sales in scratch-off tickets, with more than $12.2 million of the proceeds going to education.

Sales of scratch-off tickets totaled more than $65.3 million for the week ending Feb. 24, 2013, which exceeded the previous week’s record of $64.7 million, according to the Florida lottery. The sales totals in each week were the largest recorded in a week since the lottery’s 25-year life.

“Another record sales week means another win for education in Florida,” said Florida lottery Secretary Cynthia O’Connell. “The lottery’s sole mission is to maximize revenue for education, and we will remain focused on that mission by continuing to offer new and exciting games that will help generate enthusiasm among our players and grow revenues for education in our state.” 

Florida's Educational Enhancement Trust Fund (EETF) will receive more than $12.2 million from the record sales. Scratch-off games generated more than $495 million for the EETF in fiscal year 2011-12.

Last week's sales were led by the Millionaire scratch-off tickets, which garnered $9.7 million. The newly launched Life Family of tickets accounted for 22 percent of the sales. Scratch-off tickets are an important component of the Florida lottery, accounting for 58 percent of ticket sales.

Celebrating 25 years in Florida, the lottery has contributed more than $24 billion to Florida's students and education since it began, according to the agency.
 

Comments (2)

Hmm...
2:30PM FEB 27TH 2013
But does the amount that is raised through the lottery the amount that the state reduces what it would have already paid into education? So the money remains pretty flush? Seems pretty sneaky to me.
J Campbell
11:17AM FEB 27TH 2013
Where does the rest of the money go? I would have liked to have seen that included in your article, including how much the state of Florida is receiving.

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