Freedom First Budget Supports Florida Lottery’s Mission to Enhance Education in Florida
TALLAHASSEE, Florida (June 3, 2022) – Today, the Florida Lottery (Lottery) highlights Florida’s 2022-23 Freedom First Budget, signed by Governor Ron DeSantis, which continues to support the Lottery’s core mission of maximizing revenues for the enhancement of education in Florida.
“I appreciate the continued support Governor DeSantis and the Legislature have for the Lottery and its mission to create brighter futures for Florida’s students and families,” said Florida Lottery Secretary John F. Davis. “The items included in the 2022-2023 budget will help to improve core business operations and further strengthen the Lottery’s commitment to education.”
Key investments in the Freedom First Budget include:
- $4 million for the Lottery’s current procurement for a new prize payment system. A new prize payment system would replace a system that is aging and allow the Lottery to effectively and efficiently carry out one of its most important business functions–paying prizes to players.
- $486,666 to provide a critical market pay additive for specific Lottery district offices, including Tampa, Fort Myers, West Palm Beach, and Miami, to better attract and retain employees in areas where hiring and retention have been difficult.
Widely recognized as a leader among Lotteries nationwide, the Florida Lottery will continue to apply fiscally conservative principles in its daily operations and operate as a self-funded enterprise, generating revenues for education by increasing sales and minimizing administrative expenses.
For every $1 appropriated in the Lottery’s budget, more than $10 is transferred to education. This fiscal year, the Lottery has already transferred more than $2 billion to the Educational Enhancement Trust Fund (EETF), marking 20 consecutive years that the Lottery has transferred more than $1 billion to Florida’s students and schools.
ABOUT THE FLORIDA LOTTERY
The Florida Lottery is responsible for contributing more than $41 billion to education and sending more than 917,000 students to college through the Bright Futures Scholarship Program. The Florida Lottery reinvests 99 per cent of its revenue back into Florida’s economy through prize payouts, commissions to more than 13,000 Lottery retailers, and transfers to education. Since 1988, Florida Lottery games have paid more than $80.5 billion in prizes and made more than 3,500 people millionaires. For more information, please visit www.flalottery.com.
SOURCE: Florida Lottery Communications.
Tags: Florida Lottery, Education