Georgia Lottery head retires
Georgia Lottery Corporation
The woman behind Georgia Lottery games is stepping down.
In a statement, the Georgia Lottery Corporation said Margaret DeFrancisco announced her pending retirement yesterday. While the announcement is new, DeFrancisco had been talking with the Corporation’s board about retirement for a few months.
Why is she retiring?
A Corporation spokeswoman says DeFrancisco is not doing interviews at this time. But, in the same statement, Georgia Lottery Board Chair James F. Braswell said “Margaret has made the decision to retire from her role at the Georgia Lottery to enjoy some of the finer things in life, more specifically, her family in friends.”
Georgia Governor Nathan Deal said the lottery grew strongly and funded education for “hundreds of thousands of Georgians during Margaret DeFrancisco’s tenure at the corporation.”
The announcement of DeFrancisco’s planned retirement comes just after the Lottery Corporation announced record proceeds for Georgia’s free pre-kindergarten program and HOPE Scholarships for college students. Last fiscal year, Georgia Lottery games generated more than $901 million. That’s a yearly increase of about $55 million.
When DeFrancisco took over the Georgia Lottery, the Corporation says it had annual sales of $2.6 billion. Last fiscal year, total sales were $3.8 billion.
The lottery board will search for her replacement. The statement says DeFrancisco plans to stay through the transition and will determine her last day at a later date.
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