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North Carolina Education Lottery (NCEL) Raleigh, NC |
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The transfer, which is for sales from October 1 through December 31, brings the total for first half of Fiscal Year 2010 to over $220.5 million. That is over $27 million more or 14 percent higher than the amount the NCEL transferred for the same time period in the previous fiscal year. “Everyone here at the NCEL, our hard working retail partners and the citizens who play our games should be pleased to know they have played a role in making yet another substantial contribution to education in our state,” said Tom Shaheen, NCEL executive director. 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. Since inception (March 30, 2006) through Jan. 25, 2010, the NCEL has surpassed $4.27 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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