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SCEL surpasses state projections

3/31/2002 11:00:00 PM

Columbia, SC: The South Carolina Education Lottery (SCEL) is pleased to announce its ticket sale figures have surpassed estimates provided by the state’s Board of Economic Advisors (BEA).

To date, SCEL estimated ticket sales exceed $192 million. “Since our first day of operation, this lottery has been out performing the industry norms”, says Ernie Passailaigue, SCEL’s Executive Director. “I look forward to watching these dollars enhance our state’s educational programs”.

In a bill summary, dated October 2001, the BEA estimated lottery sales at $192 million dollars during the first six months of operation. The SCEL began selling tickets January 7, 2002, three months ago.

The BEA also estimated that $67 million would be transferred into the Education Lottery Account for the fiscal year ending June 2002. So far, the SCEL has transferred $35 million into that account. The SCEL estimates it will transfer an additional $16 million dollars this month, bringing the cumulative amount to $ 51 million.