NASHVILLE - The Tennessee Education Lottery Corporation today announced that Lottery ticket sales in November 2011 were the highest of any November since the Lottery’s inception in 2004. This milestone follows on the heels of a similar record-breaking performance in October of this year.
Driven by growth in instant tickets, gross sales for November of this year reached $99,664,000, a robust increase of 6.4% - nearly $5.4 million - over the previous November record set in 2010.
“This continued strong growth is a credit to the Corporation and all those who work to make this a successful business,” said Rebecca Hargrove, President and CEO of the Tennessee Lottery. “We strive to hold down costs and provide a strong value proposition to our players, knowing that the money we raise will benefit thousands of students and their families across Tennessee.”
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 $2.16 billion for these programs. In addition to the educational beneficiaries, players have won over $4.9 billion in prizes and Lottery retailer partners have earned over $535 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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