- The Florida Lottery announced on Monday that it generated $2.3 billion for education initiatives in the Fiscal Year 2021-22
- The year-end tally marks the second consecutive year that the Florida Lottery education contributions exceeded $2 billion in a single year
- A portion of the cost of each purchased lottery ticket is transferred to the state Educational Enhancement Trust Fund
- Since 1988, the state lottery has made $43 billion in contributions to state education
The Florida Lottery announced Monday that it transferred $2.3 billion to the state Educational Enhancement Trust Fund (EETF) in the Fiscal Year 2021-22, marking the second consecutive year that education contributions exceeded $2 billion in a single fiscal year.
Per internal lottery statistics, jackpot rolls from the Mega Millions and Powerball games generated $184.1 million for education funding alone. A $50 scratch-off ticket was also introduced in February, which generated $261.7 million for education, according to the group.
A portion of every Florida Lottery ticket purchased gets transferred to the EETF, making up the remaining amount raised in 2022.
The state lottery, which leads the nation in lotto sales with $9.3 billion in sales over the last year, has contributed $43 billion in contributions to education since 1988, as of December 2022.
“I’m honored to be a part of Governor DeSantis’ administration and especially proud to lead an agency that supports the Governor’s ongoing commitment to education in our great state,” said Florida Lottery Secretary John F. Davis. “This year was another one for the record books and furthered our mission of creating brighter futures for students, their families, and the communities in which they reside across Florida.”
Florida Lottery system contributes 24.6 percent — nearly one-quarter — of all generated revenue to the state’s education fund.
The state legislature, with input from the Florida Department of Education, then determines how funds will be allocated before being distributed to public school systems.
Florida’s five largest school districts –Miami-Dade, Broward, Hillsborough, Orange, and Palm Beach counties — collectively received more than $341 million dollars in 2021 from Lottery subsidies.
Miami-Dade County received $106.2 million, Broward County got $41.9 million, Hillsborough County was granted $76.9 million, Orange County was awarded $71.7 million, and Palm Beach County brought in $44.6 million.
The Lottery’s contributions also help fund state scholarships given to Floridian students entering college.
Florida’s Bright Futures Scholarship Program, which provides high-achieving high school students in the state with either full or three-quarters tuition coverage, has been primarily funded by the Florida Lottery since the creation of the program by the Florida Legislature in 1997.
The Florida Lottery states that more than $7.48 billion has been used to fund the Bright Futures Scholarship Program.
Since the Lottery’s inception, Florida’s public schools received more than $23 billion from the entity, while colleges and universities have received a combined total of more than $11 billion.
I would like to see a report for 2022 of total revenue from sales with a breakdown of costs such as advertising & administrative salaries versus contributions to education.