Economy expected to slow lottery sales
Posted October 22, 2008 10:05 a.m. EDT
Updated October 23, 2008 1:00 p.m. EDT
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.