The Georgia Lottery Corp. announced record profits for education for the first quarter of fiscal year 2017. Profits transferred to the State Treasury’s Lottery for Education Account will amount to $273.6 million, surpassing last year’s record first quarter transfer by $19.7 million.
 
The Georgia Lottery’s first quarter profits bring the total raised for educational programs in the state of Georgia to more than $17.8 billion since the lottery’s inception in 1993.
 
“We’re pleased that our fiscal year is off to a record-breaking start,” said Georgia Lottery President and CEO Debbie D. Alford. “Our robust performance is excellent news for the Georgia Lottery-funded HOPE Scholarship and Grant Program and Pre-K Program. Our success has a direct impact on Georgia’s students and families who benefit from these important programs.”
 
The Georgia Lottery’s record first quarter follows a record fiscal year. In fiscal year 2016, the Georgia Lottery reached the milestone of $1 billion raised for education for the first time in a single fiscal year.
 
The first quarter of the Georgia Lottery’s fiscal year spanned from July 1, 2016, to Sept. 30, 2016. Fiscal year 2017 first quarter profits also include funds generated from coin operated amusement machines in Georgia.