Bond Ratings Fitch/Moody's/S&P
AA/Aa3/AAA
Bonds Outstanding as of 7/1/17
$1.5 Billion
FY 2017 Lottery Operating Revenue
$6.2 Billion

About Florida Lottery Revenue Bond Program

This is the official investor website for the State of Florida State Board of Education Lottery Revenue Bond program. The Lottery Revenue Bonds are issued by the Florida Division of Bond Finance on behalf of the State Board of Education.

The Lottery Revenue Bonds are issued to finance the cost of constructing, acquiring, reconstructing, and renovating educational facilities for school districts, state colleges and universities throughout the State of Florida.

The bonds are payable from the first lottery revenues deposited into the Educational Enhancement Trust Fund (EETF). In each fiscal year, a percentage of the gross revenue from the sale of on‐line lottery tickets and other earned revenue (excluding processing fees paid by lottery ticket retailers), and of instant (scratch‐off) lottery tickets is required to be deposited into the EETF. The percentage of gross revenues deposited into the EETF is determined by the Department of the Lottery, in consultation with an independent lottery consultant, and is calculated to maximize both gross revenue collections and amounts deposited into the EETF. The bonds are not a general obligation or indebtedness of the State of Florida, and the full faith and credit of the State of Florida is not pledged to payment of the bonds.

Welcome Letter

On behalf of the State of Florida, I want to welcome you to our new investor relations website. We appreciate your interest and investment in Florida bonds, as it allows us to make critical investments in public infrastructure throughout the state. We are committed to maintaining our high bond ratings and we are also committed to being as transparent as possible. I hope you find this website useful as you seek to better understand the credit fundamentals of the State. Please do not hesitate to contact me with suggestions for how we can be doing better. Thanks again for your interest in our bond programs.

Sincerely,
Ben Watkins
Ben Watkins
Director