Our Lottery opened for business in January 2002. Successful from the outset, today our Lottery is a world-class organization, setting records and receiving recognition from industry and business groups alike.
Here are a few highlights from fiscal year 2011-12:
Our sales totaled more than $1.14 billion, the fifth time exceeding a billion dollars in our history.
We transferred more than $297 million for educational programs, bringing total contributions to the Education Lottery Account, since our first sale in January 2002, to more than $2.8 billion.
Although SCEL has the authority to spend 8% in administrative and gaming overhead (excluding retailer commissions), these expenses were successfully limited to 3.3% of sales. All cost savings result in additional revenue for education.
Although SCEL continues to face new challenges in 2012 and 2013, we remain focused on our goals of raising funds to support education and marketing our products in a socially responsible manner. We will continue to introduce new, exciting products while maintaining our commitment to operating a lottery with the integrity you expect and rightfully deserve, and will remain true to our mission and to the legislation which created the South Carolina Education Lottery.
We appreciate your support and welcome your participation in our worthwhile efforts.