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Aug 9, 2004, 8:22 am (1 comment)
Large Powerball jackpots helped fuel lottery ticket sales of nearly $1 billion in South Carolina for the fiscal year that ended June 30.
After payouts of $552 million in prizes, the state was left with about $270 million. According to unaudited revenue statements, the state has $17 million more than expected to help pay for college scholarships.
The report will be final by October 1st. The Legislature decides how the excess revenue is spent.
In the previous fiscal year, the lottery sold $724 million in tickets and paid out $415 million in prizes.
The multistate Powerball game has increasing jackpots if there is no winner for a drawing. The larger jackpots, which can get into the hundreds of millions of dollars, draw more gamblers.
Two jackpot-winning tickets were sold in South Carolina stores this year.
AP
When will SC join Lotto South, Hot Lotto, or an in-state jackpot game?