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    <title>N.C. Lottery to transfer $50 million to education</title>
    <link>http://www.lotterypost.com/news/137352</link>
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    <description>Lottery Post News Story: N.C. Lottery to transfer $50 million to education</description>
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      <title>Comment #3</title>
      <link>http://www.lotterypost.com/news/137352/636830</link>
      <guid isPermaLink="true">http://www.lotterypost.com/news/137352/636830</guid>
      <pubDate>Fri, 30 Jun 2006 17:25:37 GMT</pubDate>
      <dc:creator>thinreality</dc:creator>
      <description><![CDATA[Out of the 35% of each lottery dollar going to education, 5% of that is for the reserve fund, which can't exceed $50 mil.  So the payment mentioned above is just for the reserve fund, not for actual education.]]></description>
      <category>thinreality</category>
      <wfw:comment>http://www.lotterypost.com/reply-topic.aspx?td=636830</wfw:comment>
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      <title>Comment #2</title>
      <link>http://www.lotterypost.com/news/137352/636419</link>
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      <pubDate>Fri, 30 Jun 2006 03:13:39 GMT</pubDate>
      <dc:creator>NCPicks</dc:creator>
      <description><![CDATA[By law 50 percent is returned in prizes.This first contribution to education includes the start-up cost of setting up the lottery from scratch in this state.The next payment in October should better reflect the actual percent that goes to education.]]></description>
      <category>NCPicks</category>
      <wfw:comment>http://www.lotterypost.com/reply-topic.aspx?td=636419</wfw:comment>
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      <title>Comment #1</title>
      <link>http://www.lotterypost.com/news/137352/635989</link>
      <guid isPermaLink="true">http://www.lotterypost.com/news/137352/635989</guid>
      <pubDate>Thu, 29 Jun 2006 17:59:17 GMT</pubDate>
      <dc:creator>DoubleDown</dc:creator>
      <description><![CDATA[$50 Million contribution on $216 Million in sales in less than 3 months...Yes indeed the lottery is a big business ...<br /><br />We see the real winner is the house.<br /><br />DD]]></description>
      <category>DoubleDown</category>
      <wfw:comment>http://www.lotterypost.com/reply-topic.aspx?td=635989</wfw:comment>
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      <title>N.C. Lottery to transfer $50 million to education</title>
      <link>http://www.lotterypost.com/news/137352</link>
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      <pubDate>Thu, 29 Jun 2006 16:45:01 GMT</pubDate>
      <dc:creator>Todd</dc:creator>
      <description><![CDATA[North Carolina's newly adopted lottery will make a $50 million contribution to the state's Education Lottery Fund on Wednesday   the first transfer since the inception of scratch-off games three months ago.<br /><br />This is a historical event for education in North Carolina,  said Tom Shaheen, the state's lottery chief.<br /><br />The lottery will make its next transfer in October, after the first quarter of the next fiscal year. As of Monday, the  education lottery  had sold more than $216 million instant-w... [&nbsp;<a href="http://www.lotterypost.com/news/137352">More</a>&nbsp;]]]></description>
      <category>* Original News Story</category>
      <wfw:comment>http://www.lotterypost.com/reply-topic.aspx?td=635938</wfw:comment>
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