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GA HR1640
Resolution
Status
Introduced
2/29/2012
Primary Sponsor
Stacey Abrams
Click for details
AI Summary
- Urges the Georgia Lottery Corporation Board of Directors to approve the offering of lottery games through video lottery terminals to generate additional revenue for education funding
- Over 1.1 million Georgia college students have received HOPE scholarships and over 900,000 children have benefited from pre-K programs funded by the Georgia Lottery over its 15+ year history
- Lottery revenue growth from traditional games has plateaued while expenditures for HOPE scholarships and pre-K programs are projected to continue increasing annually, threatening reductions in program availability
- Video lottery terminals are estimated to generate an additional $1 billion in revenue for lottery-funded HOPE scholarships and pre-K programs
- Approval and installation of video lottery terminals would be at the sole discretion of local jurisdictions, which would participate in profit-sharing from the terminals
Legislative Description
Georgia Lottery Corporation; Board of Directors; approve use of video lottery terminals; urge
Last Action
House Second Readers
3/5/2012
Committee Referrals
Appropriations2/29/2012
Full Bill Text
No bill text available