NC Education Lottery raises $634 million in fiscal 2016

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RALEIGH, NC (AP) – The N.C. Education Lottery is reporting it raised $634 million in fiscal year 2016 to help support education programs in North Carolina.

Final but unaudited results show overall lottery revenues of $2.39 billion and earnings of $634 million. Lottery revenues grew 21 percent higher than the previous year while earnings increased 22 percent.

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Executive Director Alice Garland said the record sales were bolstered by the increasing popularity of the lottery’s instant games and the world-record $1.5 billion Powerball jackpot in January.

The new results were reported Tuesday to the quarterly meeting of the N.C. Education Lottery Commission.