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MORE THAN HALF A BILLION TRANSFERRED TO EDUCATION!
3/16/2004

MORE THAN HALF A BILLION TRANSFERRED TO EDUCATION!

Columbia, SC: The South Carolina Education Lottery (SCEL) has reached another milestone! On Friday, March 13, the SCEL transferred $21 million to the State Treasury for deposit into the Education Lottery Account (ELA). This transfer brings the total amount transferred to education since January 2002 to more than $502 million!

“Because the lottery enabling legislation specifies that all lottery proceeds must supplement, not supplant existing education resources, the transfer of over a half a billion lottery dollars represents a significant new investment in educating tens of thousands of South Carolinians,” said Ernie Passailaigue, SCEL Executive Director.

“To put this accomplishment in proper perspective, the South Carolina Education Lottery, in a little over two years of operations, has funded over 300,000 lottery scholarships, tens of millions of new dollars for primary education, hundreds of new school buses and tens of millions of new money for our three research institutions to attract the jobs of the new millennium, ” stated Passailaigue.

Each month the SCEL is required to turn over the net proceeds of the previous month’s sales. The Board of Economic Advisors (BEA) has forecasted the SCEL to transfer $261 million to the ELA this fiscal year.

During the first 9 months of fiscal year ’04, the SCEL has transferred more than $201 million to the ELA. Of the total amount transferred in fiscal year ‘04, more than $11.2 million represents unclaimed prize money, which is appropriated for school buses and gambling addiction programs.

Since January 2002, the SCEL has transferred more than $502 million to the State’s 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.

“Have fun. Play Smart. Play Responsibly.”


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