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North Carolina Education Lottery (NCEL) Raleigh, NC -Transfer Brings Fiscal Year Total to $385.5 Million- |
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“We are incredibly proud to have met this goal earlier than anticipated and that we can contribute to the state revenue during such tough economic times,” said Tom Shaheen, NCEL executive director. “The NCEL and all its employees continue striving to maximize sales and raise as much money as we possibly can for North Carolina. We especially appreciate the support of players and lottery retailers throughout the state who help us with that mission.” The NCEL made the electronic transfer to the Office of State Budget and Management (OSBM) this morning. The Lottery Act designates that 50 percent of proceeds is to be split between pre-kindergarten programs for at-risk four year olds and class size reduction in the early grades; 40 percent to school construction; and 10 percent to college scholarships. For detailed information on where the money has gone so far, the NCEL’s 2007-08 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 today’s transfer. A brochure with data for the 2008-2009 Fiscal Year will be available after the close of the fiscal year. Since inception (March 30, 2006) through May 31, 2009, the NCEL has surpassed $3.3 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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