Georgia Lottery is one of the biggest lotteries of the world with a social mission to responsibly maximize revenues for the educational programs they fund. They want to gather more and more money to fund educational programs. Every ticket of Georgia Lottery purchased, has a contribution to this fund.It takes in over $1 Billion annually. Managed by Georgia Lottery Corporation, its jackpot is named as Lotto South and once daily Fantasy 5 game. There are also twice-daily once on Sunday, Cash 3 and Cash 4 games. It also participates in multi state mega millions lottery. It also has scratch card games which are changed after a specific period of time. Children are not allowed to play this lottery. People over 18 are only allowed prize bond list 2018.
Georgia Lottery is overseen by State Government of Georgia with head quarter in Atlanta. Half of the money goes to prizes, one third to education funds which give HOPE scholarships, voluntary prekindergarten and Technology Grants and Capital Outlay projects for educational facilities and the remaining money is utilized in operating and marketing expenses of the lottery. Georgia Lottery is specifically targeting the educational sector and helped a lot of students.
Lottery is a game of chance in which all the players have equal chances of winning the prize. Anyone can win only by chance without involving any skill into it. Lottery is a game of pure luck and nothing is in a human control. Lotteries are being used for generating funds for different purpose. The first of its kind was back in 1530 in Italy.
The first lottery of USA held in Jamestown in 1612. George Washington used a lottery to support the Revolutionary Army, and Thomas Jefferson used lotteries to fund public projects. Lotteries were the source of fund for lot of schools, colleges, churches and even universities from 1790 to civil war era. Harvard, Yale and Princeton universities were made during that era with the fund generated through lotteries.
In 1784-85, Lottery was held in Georgia to fund hospital. Georgia lottery was created in November 1992, with the objective to fund education in Georgia. Within five months, the Lottery met its first-year sales goal of $463 million, and ended its first full year in operation with $1.1 billion in total sales. The Lottery’s first-year per capita sales of $164.81 set a new national record, surpassing the previous mark of $128 set by Florida in 1988, effectively making the Georgia Lottery the most successful start-up state lottery ever. Georgia Lottery has given $11.2 Billion to the students of Georgia till now. HOPE scholarship is given to 1.2 million students, helping them to go to college.