NC Education Lottery makes second revenue transfer

NC Education Lottery makes second revenue transfer

NC Education Lottery makes second revenue transfer

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Associated Press

Posted on January 29, 2013 at 6:58 AM

Updated Tuesday, Jan 29 at 6:58 AM

RALEIGH, N.C. (AP) -- The N.C. Education Lottery has made its second transfer of lottery revenues to the state for fiscal 2013.

An announcement from the lottery says it transferred $117.4 million. That brings the total amount earned for education and the state since the lottery started almost seven years ago to $2.69 billion.

Monday's transfer combined with the one made in October adds up to $238.5 million in lottery proceeds for education during the first half of fiscal year 2013.

Last week, The Insider reported that Rep. Paul "Skip" Stam, (R-Wake), said lawmakers would be considering a proposal to remove the word "Education" from the N.C. Education Lottery for advertising purposes. Stam said the word "education" shouldn't be used to sell "something that is essentially a scam,"

AP-WF-01-29-13 0904GMT

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