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Georgia Lottery: States
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As protection against the possibility of declining sales, the Georgia Lottery for Education Act called for the creation of two reserve shortfall accounts. Governor Miller said these accounts were established to carry the state "across the dips and swells in proceeds." Each year an amount equal to 10 percent of the total amount of net lottery proceeds is deposited in the Shortfall Reserve Account. An amount equal to ten percent of the amount of lottery funds spent during the preceding fiscal year on scholarships is deposited into the Scholarship Shortfall Reserve Account. Deposits into this account will continue until the amount equals 50 percent of the amount of lottery funds spent annually on scholarships. As of the end of fiscal year 1997, the Scholarship Shortfall Reserve Account had deposits totaling $77.7 million, and the Shortfall Reserve Account had $54.3 million. While these provisions cannot keep Georgia from experiencing declining ticket sales, it can help to insulate the educational programs funded by the lottery from unexpected drops in lottery revenue.
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On Jan. 4, Samoeuth Am drove from his Jacksonville home to the El Cheapo gas station on Ga. 40 in Kingsland to buy some Georgia Lottery tickets. Among them was a Georgia's $500 Million Club ticket with a top prize of $1 million.
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Georgia Land Lottery was an early Nineteenth-Century system of land re-distribution for Georgia's citizens. Under this system, qualifying citizens could register for a chance to win lots of land that had formerly (and in most cases recently) belonged to the Cherokee Indians and Creek Indians. This lottery system was utilized by the State of Georgia between the years 1805 and 1832. These lotteries were unique to the State of Georgia. No other state used a lottery system to distribute land. The lots distributed were acres ( km²) in the 1805 and the 1820 land lottery.
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Almost 3/4 of the land in present-day Georgia was distributed under this lottery system. During the 27 years that land was distributed under the system the rules and the methods of the lottery remained virtually unchanged. Applicants could be white males over 18 (or 21 depending on the lottery), orphans, or widows. Fees depended on the lottery and the size of the lot won, but in general they only covered the cost of running the lottery. The state did not profit from allocating these lands. Fractional lots were sold in each of the lotteries and some lands, especially those near major rivers, was exempt from the lottery.
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In 1996 the Michigan Lottery joined with five other state lotteries -- Georgia, Illinois, Maryland, Massachusetts and Virginia -- to form a new multistate lottery game called The Big Game. At the time, the Powerball game had already made a name for itself, offering up giant jackpots sometimes exceeding $40 million.
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GEORGIA – As reported by the South Carolina State: "Somewhere in Georgia, lottery officials have got to be smiling as North Carolina inches closer to starting a lottery. Now, it's South Carolina's turn to squirm.
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