The Tennessee Education Lottery Corporation today announced that Lottery ticket sales in October 2011 were the highest of any October since the Lottery’s inception in 2004.
Driven by growth in instant tickets, gross sales for October hit $100,593,062, an increase of more than $2.1 million over the previous October record in 2005, and a 6.6 percent increase over October 2010.
“Obviously we’re quite pleased with this continued strong growth in our ticket sales,” said Rebecca Hargrove, President and CEO of the Tennessee Lottery. “We work to keep our games fun and entertaining for our players, knowing that the money we raise will benefit students and families across the state.”
In this past fiscal year, the Tennessee Education Lottery Corporation set new records, announcing an all-time high transfer of $293.5 million to education programs in the state, an increase of $4.6 million over the previous record set last year. The Lottery also reported a record-breaking $1.19 billion in total sales, which was a 4.2 percent increase over the previous year.
About the Tennessee Education Lottery
The Tennessee Education Lottery Corporation operates entirely from the revenue it generates through the sale of its products. Net proceeds from sales of Lottery tickets, currently averaging over $5 million per week, fund specific education programs, including college scholarships and after-school programs.
Since the Lottery began selling tickets on Jan. 20, 2004, it has raised more than $2.1 billion for these programs. In addition to the educational beneficiaries, players have won $4.9 billion in prizes and Lottery retailer partners have earned $528.3 million in retailer commissions.
For more information, please visit www.tnlottery.com. For information about Lottery-funded scholarships, visit www.collegepaystn.com. To see a county-by-county breakdown of the number of students who benefit, visit www.seehowitaddsup.com.
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