State News

NC Education Lottery raises $634 million in fiscal 2016

Posted September 16

— The N.C. Education Lottery is reporting it raised $634 million in fiscal year 2016 to help support education programs in North Carolina.

Final but unaudited results show overall lottery revenues of $2.39 billion and earnings of $634 million. Lottery revenues grew 21 percent higher than the previous year while earnings increased 22 percent.

Executive Director Alice Garland said the record sales were bolstered by the increasing popularity of the lottery's instant games and the world-record $1.5 billion Powerball jackpot in January.

The new results were reported Tuesday to the quarterly meeting of the N.C. Education Lottery Commission.

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  • Stacie Hagwood Sep 16, 6:40 p.m.
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    Oh good. Now the Republicans can further defund our schools. Guess those teachers need to be buying lottery tickets to get school supplies.

  • Jack Reason Sep 16, 4:55 p.m.
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    I would bet dollars to donuts,, as the saying goes, that the percentage of the budget used for education is LOWER than it was 10 years ago before the lottery. The republicons in particular look for any way, including lotteries, regressive flat taxes, even taxes on food to avoid having the wealthy pay their fair share. A review of charts on the NC Justice Center web site shows that with the flat tax, budget support from income tax, from a rapidly growing population, yet is falling. This is a recipe for failure in a state that is doing poorly in so many areas before the HB2 debacle.

  • Chris VanderHaven Sep 16, 2:00 p.m.
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    Good question, Holly. They've pulled millions to fund the Medicaid shortfall, for example. Currently, only about 29% of the money actually is going to the schools. The bad thing is that since its inception, the 'regular' budget has decreased, so the lottery is backfilling what their removing, and in some areas, isn't enough to cover what's being removed from the budget each year.

  • Holly Atkins Sep 16, 10:57 a.m.
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    So while the $634 million is SUPPOSED to go the school systems, how much will actually make it?