North Carolina Education Lottery Raises A Record-Breaking $1 Billion For Education
For the first time in history the North Carolina Education Lottery has raised more than $1 billion in a single year for public education in the state. The earnings were announced this morning at a meeting of the NC Education Lottery Commission and then sent out in a press release. The earnings are a result of lottery ticket sales in the fiscal year 2023. They report that this makes the NC Lottery one of only 10 other states that have reached that mark.
“This milestone was achieved through the tremendous effort of the most talented and dedicated lottery team in the nation,” said Mark Michalko, executive director of the N.C. Education Lottery. “Their incredible commitment to the lottery’s mission of raising maximum revenue for education stays at the forefront of everything they do each and every day. Every dollar raised goes to education and the investment pays dividends for students for years to come.”
Of the money raised 40% went to school construction and repair programs. Additional money went to help counties build new public schools through the Needs-Based Public School Building Capital Fund. Another portion of the money raised supports education programs in all 100 counties of the state. This is determined by legislators in the state budget. The NC Lottery reports that money has gone to scholarships and grants to make college more affordable. It also supports school systems with the cost of staff and transportation. And provides free academic preschool to “at-risk four-year-olds in the NC Pre-K program.
Since its inception in 2006 the lottery has raised more than $10 billion for state education. There have been some large jackpots this year which certainly helps the cause. And an abundance of scratch-off tickets that often generate local winners as well. May I need to play the North Carolina lottery?
North Carolina Is One Of The Luckiest States For The Lottery
