Audit: NC lottery revenue up more than $3B while education funding remains down
It found that while ticket sales increased, the amount allocated to public schools has decreased, prompting concerns among state officials. The North Carolina Office of the State Auditor has released a financial statement audit of the North Carolina Education Lottery, which revealed a significant decrease in net revenues designated for public education despite an overall increase in lottery revenues. The audit, conducted by accounting firm Cherry Bekaert, assessed the financial position of the EducationLottery as of June 30 for the fiscal years 2024 and 2025. While ticket sales increased, the amount allocated to public schools has decreased. This has raised concerns among state officials about the lottery's effectiveness in contributing to public education funding.
Published : 5 months ago by WSOCTV.com News Staff in Politics Finance
RALEIGH — The North Carolina Office of the State Auditor has released a financial statement audit of the North Carolina Education Lottery, revealing a significant decrease in net revenues designated f... [2267 symbols]
Topics: Markets, US Politics