Florida Lottery
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Logo used since 2013
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| Formation | January 12, 1988 |
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| Type | Lottery System |
| Headquarters | Tallahassee, Florida |
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Membership
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13,200 |
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Secretary
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Tom Delacenserie |
| Website | www |
The Florida Lottery is a government-run organization in the state of Florida, United States. With numerous on-line and scratch-off games available, players have a wide variety of prize levels to choose from. Since it began, the Florida Lottery has continued to add variety to its portfolio of games. The Lottery has experimented with higher price points, enhanced traditional games, and introduced seasonal promotional games. In 2012, Florida was the third-ranked state in yearly lottery revenue with $4.45 billion; revenue passed $5 billion in fiscal year 2013. Florida passed the legislation to enact the lottery in 1986 by a two to one ratio. The new lottery was spearheaded by Governor Bob Martinez and the Florida legislature with the mission of maximizing revenues for the enhancement of public education in Florida. The lottery was founded on the basis that it would provide the people of Florida the opportunity to benefit from additional revenues while providing the highest quality games available. The lottery's first game, MILLIONAIRE was a $1 scratch-off that was immensely popular. Within 17 days, the scratch-off game had paid back the entire $15.5 million to the state's general fund. Florida currently offers 10 terminal-generated games: Cash4Life, Mega Millions, Powerball, Florida Lotto, Pick 2, Pick 3, Pick 4, Pick 5, Fantasy 5, and Lucky Money.
With the goal of the Florida Lottery being to enhance public education in the state, the lottery has become not only an education partner but a distinguished business enterprise as well. In the 2011-12 fiscal year, the Florida Lottery donated $1.31 billion to the Educational Enhancement Trust Fund, surpassing the $1 billion mark for the eleventh time in its history and expanding its all-time donation total to over $25 billion. Additionally, Florida donates funds to help construct new schools and other educational facilities. As of 2012, more than $3.9 billion in lottery-backed bonds have gone to school construction.
The Florida Lottery began operation on January 12, 1988 by order of a constitutional amendment approved by Florida voters by a 2-to-1 margin in the general election of November 4, 1986. The point of the Lottery is to give extra funding to Florida education, and it was mandated that a significant proportion of all revenue generated by ticket sales go to the Education Enhancement Trust Fund. The Bright Futures scholarship program is funded by the Florida Lottery. The minimum age to purchase a Florida Lottery ticket, regardless of game, is 18.
The first game offered by Florida Lottery was Millionaire, a $1 scratch-off game with a $1 million annuity prize. Total sales in the first 12 days totaled $95 million. Seventeen days of ticket sales allowed for the Lottery Commission to repay with interest the initial $15.5 million bond from Florida's General Revenue Fund that got it going.
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