Columbia, SC: The South Carolina Education Lottery (SCEL) announces its first transfer of the fiscal year to the State Treasurer for deposit into the Education Lottery Account in the amount of $12,500,000.
“This accomplishment is representative of the hard work and dedication exemplified by our staff, the retailers, and everyone involved with making the lottery a success,” said Tony Cooper, Chief Operating Officer.
The Education Lottery Act requires that the SCEL make a monthly transfer of the lottery proceeds to the State Treasurer.
In its first seven months, the SCEL has returned over $92 million dollars to the state of South Carolina for education. All SCEL profits go to pay for specific educational programs. These include South Carolina’s HOPE, LIFE, Palmetto Fellows, National Guard scholarship programs; Lottery Tuition Assistance for 2 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.
“This accomplishment is representative of the hard work and dedication exemplified by our staff, the retailers, and everyone involved with making the lottery a success,” said Tony Cooper, Chief Operating Officer.
The Education Lottery Act requires that the SCEL make a monthly transfer of the lottery proceeds to the State Treasurer.
In its first seven months, the SCEL has returned over $92 million dollars to the state of South Carolina for education. All SCEL profits go to pay for specific educational programs. These include South Carolina’s HOPE, LIFE, Palmetto Fellows, National Guard scholarship programs; Lottery Tuition Assistance for 2 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.
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