Building on last year’s record-smashing performance, the Tennessee Education Lottery Corporation has hit yet another milestone, posting a new record for first quarter education proceeds: $81.27 million raised for state education programs, a 14.2 percent increase over the same period last fiscal year and a significant gain over the previous first quarter record of $71.11 million set that same year.
With a series of high jackpots driving player interest in “drawing-style” games, Lottery sales for the three-month period ending Sept. 30 reached $311.5 million, also a first quarter record, surpassing the previous mark of $293.3 million set the same period last year.
Total Lottery funding for education-related programs in Tennessee—including funds used for scholarships, grants, and after-school activities—now exceeds $2.47 billion since the Lottery’s inception in 2004.
“After last year’s extraordinary totals, we’re especially pleased to continue our momentum with a record first quarter,” said Rebecca Hargrove, President and CEO of the Tennessee Education Lottery Corporation. “We work to provide fun and innovative experiences for the lottery-playing public, while operating efficiently and emphasizing best practices across the corporation. The overriding goal, of course, is to provide vital education-related funding for Tennessee students and their families.”
Last year the Lottery announced an all-time high transfer of $323.4 million to education programs in the state, an increase of approximately $30 million over the then-record set the previous year. The Lottery also reported a record-breaking $1.31 billion in total sales for fiscal year 2012, a jump of $124.6 million from the prior year’s record total.
According to data from the Tennessee Student Assistance Corporation, the entity that administers most Lottery-funded programs, more than 600,000 scholarships and grants to in-state educational institutions have been awarded since the Lottery’s inception in 2004, including more than 100,000 recipients during the past academic year alone. Lottery funds are also used to support other education-related activities, such as after-school programs and an ongoing initiative to make schools more energy efficient.
In addition to providing $2.47 billion in funds for education-related programs since ticket sales began in 2004, the Lottery has produced total sales now surpassing $9.4 billion and total prizes won reaching more than $5.6 billion. Total commissions to the nearly 5,000 Tennessee retailers offering Lottery tickets now stand at more than $615 million.
“I know I speak for the entire Board of Directors when I commend our Lottery team for a record first quarter,” said Keith Simmons, Chair of the Lottery’s Board of Directors. “All of us recognize and appreciate the results produced by the business-like approach to Lottery operations. The focus continues to be on our mission: Delivering needed funding for Lottery-supported education programs in Tennessee.”
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 $5.3 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 $2.47 billion for these programs. In addition to the educational beneficiaries, players have won over $5.6 billion in prizes and Lottery retailer partners have earned more than $615 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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