Strong instant ticket and Powerball sales helped the North Carolina Education Lottery’s net profits grow during the second half of 2013.
The lottery said this week it raised $251 million for the state during the six months ending Dec. 31, or $23 million more compared to the same period a year earlier.
Overall ticket sales exceeded $900 million for the six months. Instant ticket revenues grew by 21 percent, while a big Powerball jackpot also helped sales.
Lottery executive director Alice Garland said the lottery wants to exceed $500 million in annual earnings for the first time when the state’s fiscal year ends June 30.
The General Assembly directs the lottery’s net income go to teacher salaries, school building projects, pre-kindergarten for at-risk children, college scholarships and digital learning.
The lottery has raised $3 billion for education over the past seven years. In the lottery's last fiscal year, there was $478 million that was contributed to the more than $10 billion provided to education from the state's General Fund, the lottery website states.
For the complete story, see today's print edition of The Daily Southerner.