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Georgia Lottery says quarterly profit sets new record

By Associated Press
Posted 6:43AM on Friday 18th October 2019 ( 5 years ago )

ATLANTA (AP) Georgia's tax revenue may be threatening to stagnate, but lottery revenue continues to grow.

The Georgia Lottery Corp. said Thursday that it is transferring nearly $292 million in profits to the state treasury from the first three months of the state budget year that began July 1.

That's $6.3 million more than during the same July-September quarter of last year, or a 2% increase.

State lottery proceeds pay for college aid and state prekindergarten classes. Last year, the lottery transferred $1.21 billion to the state treasury, for the fourth straight year the state-run gambling enterprise has surpassed $1 billion in profits. 

http://accesswdun.com/article/2019/10/842774/georgia-lottery-says-quarterly-profit-sets-new-record

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