This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Florida Lottery Celebrates $25 Billion To Education In 25 Years

TALLAHASSEE, Fla., March 25, 2013 /PRNewswire/ -- The Florida Lottery announced today a record $25 billion in transfers to Florida's Educational Enhancement Trust Fund.  For the past 25 years, the Florida Lottery has firmly established itself as an essential and dependable funding source for public education; contributing more than $1 billion annually for the past 10 consecutive fiscal years.  Lottery education funds are appropriated by the Florida Legislature and then administered by the Florida Department of Education.

(Logo: http://photos.prnewswire.com/prnh/20130107/FL38008LOGO-a )

"We are proud of this accomplishment and are very thankful to all Lottery players and retailers who have helped us reach such a significant milestone," said Florida Lottery Secretary Cynthia O'Connell.  "We will continue to strive to increase funding for education programs in our state for the next 25 years and beyond."

To celebrate its 25 th anniversary, the Lottery recently unveiled a new brand and logo that better reflects the excitement of playing and winning Lottery games. Keeping the Lottery fresh and dynamic generates more awareness and, in turn, more funding for education with a more visible and modern image that attracts a broader population.

Governor Scott said, "Today's news that the lottery has reached $25 billion in investments for education is great news, and means more Florida students will have the opportunity to get a great education. My top priority is to create jobs and opportunities for Florida families – and since we took office, Florida has created thousands of new private-sector jobs. We have also worked to ensure that every student can access a great education. To provide greater opportunities for Florida students, we must continue to make targeted investments in education, and that's why my Florida Families First Budget increases education investments by $1.2 billion and provides every classroom teacher with a $2,500 pay raise."

"Winn-Dixie is a proud vendor of the Florida Lottery, offering a wide variety of games in our stores that appeal to our customers," said Mark Cooney, BI-LO Winn-Dixie Senior Manager of Front End Services and Operations. "Our strong partnership with the Lottery is a testament to the commitment of our associates to enhance education and contribute to the future leaders of tomorrow."   

"As one of the more than 13,000 Lottery retailers, I am proud of the role that GATE plays in contributing to Florida's education system," said David Dill, Vice President of GATE Sales and Marketing. "Like the Florida Lottery, we believe in giving back to our community by supporting our youth and giving them the opportunities necessary to become successful leaders."  Florida voters, by a two-to-one margin, approved a constitutional amendment in 1986 authorizing the state to operate a lottery for the purpose of generating additional funding for education. These additional funds have contributed to K-12 programs in Florida's 67 school districts, community colleges and state universities, the Bright Futures Scholarship Program, other state student financial aid, and the construction and maintenance of public schools through the Classrooms First and Classrooms for Kids programs.

Over the past quarter century, Florida's state colleges and universities have received a combined total of more than $6.4 billion, and Florida's public schools have received more than $14 billion. Lottery funds have also contributed to the construction and renovation of 780 statewide school projects. To date, more than $3.9 billion in Bright Futures scholarships have been awarded statewide, making it possible for many of Florida's future leaders to enroll in state universities, community colleges and workforce education programs of their choice.

" Just Imagine"

SOURCE Florida Lottery

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs