Ohio Lottery has record sales, $803M for schools

CLEVELAND (AP) — The Ohio Lottery says public schools in the state will get $803 million in profits from a record-high $2.8 billion in lottery sales during the 2013 fiscal year.

The profits are transferred to a fund supporting public K-12 education. The amount transferred this year is about $32 million more than last fiscal year.

A statement from director Dennis Berg says the lottery is especially proud of drawing a record profit amid increased competition with the state’s four voter-approved casinos and the storefront sweepstakes parlors known as Internet cafes.

Lottery officials say revenue was boosted by slots-like video lottery terminals that opened at two horse racing tracks. The so-called racinos are in Columbus and North Randall. Five more are scheduled to open around Ohio by the end of 2014.

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