Florida Lottery Generates Over $46 Billion In Funding for Education

TALLAHASSEE, Florida (March 14, 2024) – Today, the Florida Lottery (Lottery) is celebrating a significant milestone in its unwavering support for education. Having consistently shattered records in contributions to the Educational Enhancement Trust Fund (EETF), the Lottery proudly announces that its total generated funding has exceeded an astounding $46 billion since its inception in 1988.

“This remarkable achievement reflects our steadfast dedication to education, and we are proud of the vital role we play in enhancing educational experiences for students throughout the Sunshine State,” said John F. Davis, Secretary of the Florida Lottery. “My commitment is to continue to work toward a future that is bright, diverse, and filled with endless possibilities for the youth in Florida. Being part of an agency that fosters educational possibilities for students is incredibly rewarding.”

A notable beneficiary of the Lottery’s EETF contributions is the Bright Futures Scholarship Program, which has empowered Florida high school students to pursue their higher education and vocational aspirations since its inception in 1997. The Lottery’s support has amounted to over $8 billion in disbursements to students through this scholarship program. Through these funds, nearly one million students have been able to realize their dreams of attaining a college degree.

Aligned with its mission to alleviate financial barriers to higher education, the Lottery collaborates with various programs and industries that share its commitment to education. By promoting awareness of the Bright Futures Scholarship Program and providing students and parents with necessary resources, the Lottery ensures that they can navigate evolving challenges and excel in their academic journeys.

ABOUT THE FLORIDA LOTTERY

The Florida Lottery is responsible for generating more than $46 billion for education and sending more than 983,000 students to college through the Bright Futures Scholarship Program. The Florida Lottery reinvests 99 percent of its revenue into Florida’s economy through prize payouts, commissions to more than 13,500 Lottery retailers, and transfers to education. Since 1988, Florida Lottery games have paid more than $91.2 billion in prizes and made more than 3,800 people millionaires. For more information, please visit www.floridalottery.com.

SOURCE: Florida Lottery.