State Lottery Hits Goal With Transfer
The North Carolina Education Lottery (NCEL) made another transfer to the state Monday, taking it over its budgeted goal for the fiscal year.
The NCEL transferred more than $25.3 million for sales in June. This transfer brings the tally for the fiscal year to $410.8 million and the overall tally from launch to over $1.136 billion, according to a news release.
"We are thrilled that we exceeded expectations for the year and that we could help provide new revenue to the state especially with the continuing budget crisis," said Tom Shaheen, NCEL executive director. "The ongoing goal for the NCEL is to maximize sales and raise as much money as we possibly can for North Carolina. We could not do that without the support of players and lottery retailers throughout the state."
The NCEL made the electronic transfer to the Office of State Budget and Management (OSBM).
The Lottery Act designates that 50 percent of proceeds is to be split between pre-kindergarten programs for at-risk 4-year-olds and class size reduction in the early grades; 40 percent to school construction; and 10 percent to college scholarships.
Anyone wanting detailed information on where the money has gone so far, the NCEL's 2007-2008 beneficiary brochure is available online at nc-educationlottery.org. The brochure includes county-by-county totals for each of the four programs. The data is through June 30, 2008, and does not include 2008-2009 fiscal-year transfers. A brochure with data for the 2008-2009 fiscal year will be available after the close of the fiscal year.
Since its inception (March 30, 2006) through June 29, 2009, the NCEL has surpassed $3.4 billion total gross sales. More that 95 cents of every dollar is returned to North Carolina in the form of beneficiary programs, prizes and retailer commissions.
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