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North Carolina Education Lottery (NCEL) Raleigh, NC -Tally to State Education Lottery Fund Now Over $825 Million- |
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“This is a record transfer to the State Education Lottery Fund,” said Tom Shaheen, NCEL executive director. “All of us here at the lottery are very proud to be raising money for education, and appreciate the support of players and lottery retailers throughout North Carolina.” The NCEL made the electronic transfer to the Office of State Budget and Management (OSBM) to be disbursed to these beneficiary programs: More at Four; class size reduction; school construction; and need-based college scholarships. The Department of Public Instruction will manage the distribution of the funds for all the beneficiary programs except the college scholarships, which will be handled by the North Carolina State Education Assistance Authority. For detailed information on where the money goes, the NCEL’s 2007-08 beneficiary brochure is available online CLICK HERE. The brochure includes county-by-county totals for each of the four programs. The data is through June 30, 2008 and does not include today’s transfer. Since inception (March 30, 2006) through October 21, 2008, the NCEL has surpassed $2.5 billion total gross sales. Over 95 cents of every dollar is returned to North Carolina in the form of beneficiary programs, prizes and retailer commissions.
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