NASHVILLE—The Tennessee Education Lottery Corporation (TEL) has closed its Fiscal Year with an all-time high for sales and proceeds for education.
With record gross total sales for the year of $1.73 billion, the TEL will return an all-time high of $421.7 million for all education programs funded by the Lottery, which exceeds the prior year education funding by 9.1 percent.
All told, the Lottery has generated more than $4.6 billion for education in the state since its inception on Jan. 20, 2004.
“These results are incredible news for Tennessee,” said Rebecca Hargrove, President and CEO of the Lottery. “Thanks to the help of so many, from players and retailers to our dedicated team, Lottery funding continues to provide a strong foundation for education in the state.”
Additional details for the period from July 1, 2017, through June 30, 2018, include:
-Record instant ticket sales of $1.41 billion due in part to popular games such as Mighty Jumbo Bucks and additional Jumbo Bucks seasonal games introduced throughout the year.
-Record drawing-style game sales of $328 million, fueled by the introduction of new games and high Powerball and Mega Millions jackpots in August 2017, January 2018 and March 2018.
-Monthly total sales records nine out of the past 12 months.
-Quarterly sales records for three of the four quarters.
Students were not the only ones who benefited from the dollars raised by the TEL. Since inception, players have won more than $12.6 billion, with 239 winning tickets sold worth $1 million or more. Twenty-five of those came during FY18, including two Cash 4 Life lifelong prize winners—one winner of $1,000 every day for life, and one winner of $1,000 a week for life.
Additionally, Lottery retailers earned $113.2 million during the Fiscal Year, for a total of $1.2 billion since inception.
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