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|Lottery transfers over $288,000 in unclaimed funds
Columbia, SC: Today the South Carolina Education Lottery (SCEL) transferred $288,000 dollars (approximately $288,228) to the State Treasurer for the Education Lottery Account (ELA).
The lottery is required to transfer all unclaimed prize money over to the ELA. To date, the SCEL has transferred over $3.2 million dollars in unclaimed prize money.
Unclaimed prize money is used for programs relating to gambling addiction as well as the purchase of new school buses.
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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