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Posted: October 22, 2008
Updated: October 23, 2008

Economy expected to slow lottery sales

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N.C. Education Lottery

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N.C. Education Lottery

Raleigh, N.C. — State lottery director Tom Shaheen said Wednesday that lottery officials expect the slowing economy to crimp ticket sales next year.

Officials now project sales of about $1.25 billion between next July and the end of June 2010. The state has budgeted about $1.27 billion in sales for the current fiscal year.

The lottery is on track to meet its sales budget for 2009, a spokesman said.

 

The news came the same day that Shaheen announced the North Carolina Education Lottery had shifted $99.8 million to public schools statewide in the first three months of the fiscal year – marking the state-run game's largest transfer since its inception two years ago.

Since March 2006, the lottery has raised more than $825 million for schools in North Carolina.

RELATED TOPICS: Public Schools

Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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37 Comments


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Latest Comments
Numbers Game Alright $16M less in sales? – That’s only a 1.26% decrease of 2009 projected budget revenue. On the other hand $99.8M in the first quarter of 2009 represents 12% of the total $825M “shifted” to schools since March 2006. Now that’s a significant percentage – why so much in only one quarter? Information Needed: What was the total gross lottery revenue that trickled down to $825M contributed to education? (Disclaimer: My numbers based exclusively on this WRAL article.)
Click to view my profile Axilla
October 23, 2008 8:59 a.m.
i've bought my last scratchoff...early this year when the new higher winning cards came out i was seeing some wins. i have not had a win not even a free ticket in about four months and the places i buy say the same thing.

this whole program needs to be flushed down the neuse.
ProzacDispenser
October 23, 2008 7:29 a.m.
Ah it is nice to see more money flushed down the rathole called a GOVERNMENT run school system
whatelseisnew
October 22, 2008 8:58 p.m.
Has anyone seen my soapbox? Oh wait, I see ChristaS is on it again. She won't be happy until she rules everyone elses life. The lottery is here to stay, get over it lottery whiners.
Click to view my profile patriotsrevenge
October 22, 2008 8:11 p.m.
ChristaS, I don't see where it's a waste of time and money. Nobody is making anybody play the lottery and if people choose to play it's their choice and it does bring revenue to the state...
Click to view my profile Vietnam Vet
October 22, 2008 5:34 p.m.
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