With nearly $4 billion spent on the Florida lottery annually, it is obvious that Floridians love their lottery! Florida lotteries phenomenal success is basically because of the implementation of an innovative business design which has led to the Lottery of Florida gaining a reputation for being one of the very most efficiently run lotteries in the USA.
This entrepreneurial mind-set has enabled the organisers to perform a price effective operation in addition to continued implementation of new products. It has kept interest and sales high for the lottery, which has subsequently, resulted in significantly more than $21 billion being donated to the Educational Enhancement Trust Fund.
FLORIDA EDUCATION BENEFITS BY $21 BILLION
From the very outset, the Lottery of Florida’s main objective was to raise funds for the education and benefit of the people of Florida. florida lottery With increased than $21 billion now contributed to the Educational Enhancement Trust Fund no-one may be in doubt that the lottery is just a success.
Everyone who has played the lottery in Florida has contributed to scholarships, school improvements and construction projects, ultimately causing tens and thousands of children and young people benefiting from improved education and learning facilities.
NEW SCHOOLS FOR FLORIDA
The Lottery for Florida has now contributed funds to 780 school projects in the state. A few of the main benefactors are the Classrooms First and Classrooms for Kids projects. These programs deal with renovation and remodelling of existing schools in addition to the construction of new educational facilities and have received in excess of $3.9 billion of lottery funds.
In 1997 lottery monies funded the creation of the The Bright Futures Scholarship Program. The organisation was create to simply help talented students realise their career paths and pursue the right further education requirements. The contribution greater than $3.2 billion from the Lottery of Florida has triggered over fifty per cent of a million students being given the opportunity of a college education.
LOTTERY OF FLORIDA PATENT
Continuing with their innovative and entrepreneurial reputation, the Lottery’s product development team created a fresh, simplified method for the game drawing process and in December 2010 The Lottery of Florida applied for a patent to be granted with this new game drawing method.
The Lottery for Florida organisers are of the opinion that the granting of the patent will enable them to secure additional income streams from the granting of licences to utilize the new gaming method, thus further increasing profitability and its ability to continue expanding its contributions to the Educational Enhancement Trust Fund.
Leo DiBenigno, Secretary of the Florida Lottery, said he believed that new method could ultimately help increase sales and maximize the Lottery’s contributions to education by permitting them to pursue enhanced game choices for their players.
He was excited to manage to pursue a patent (they were granted authority to take action in June 2007) for a unique lottery method they felt would lead to added efficiencies in operations while continuing to safeguard the integrity of lottery games.
With the lottery going from strength to strength and education funding benefiting more annually, it would appear that everyone’s successful with the Lottery in Florida.
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