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Lottery gives another $22 million to education

Total transfers now top $200 million

Columbia, SC:
On February 13, 2003, the South Carolina Education Lottery (SCEL) transferred $22 million to the Education Lottery Account (ELA).

”High ticket sales for the month of January pushed us over the $200 million mark for total transfers,” stated SCEL Executive Director Ernie Passailaigue. “This money will go a long way to help the youth of South Carolina.”

Each month the SCEL is required to turn over the net proceeds of the previous month’s sales. The Board of Economic Advisors has forecasted the SCEL to transfer $172 million to the ELA this fiscal year. To date, the SCEL has transferred more than $120 million of that goal.

Since January 2002, the SCEL has transferred more than $201 million to the State Education Lottery Account for distribution according to South Carolina Legislation. The SCEL’s net proceeds pay for specific educational programs, including South Carolina’s HOPE, LIFE and Palmetto Fellows scholarships; the National Guard Scholarship Program; Lottery Tuition Assistance for two-year programs within the state’s university system; a wide range of technical upgrades for state colleges and universities; school buses; local libraries and gambling addiction services. For a complete listing of the legislative distribution of lottery dollars, please visit our website: www.sceducationlottery.com.

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