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SCEL makes a transfer to the Education Lottery Acc

Columbia, SC: On Thursday, March 13, 2003, the South Carolina Education Lottery (SCEL) transferred $23 million into the Education Lottery Account (ELA).

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 met more than $140 million of that goal.

“We are on track to meet the estimate set by the state this fiscal year,” said Executive Director Ernie Passailaigue. “If our ticket sales continue at the current rate, it’s possible we could transfer additional money to support the educational programs in South Carolina.”

Since January 2002, the SCEL has transferred more than $225 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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