The Tennessee Education Lottery Corporation today announced the Third Quarter for Fiscal Year 2015 produced the highest education funding of any three-month period since the Lottery’s inception in January 2004. The record-setting quarter, covering the period from January 1, 2015, through March 31, 2015, saw a return in total education funds surpassing $96.8 million, a 10.6% increase—or $9.3 million—over the same period last fiscal year, and $4.7 million more than the previous record set in the third quarter of Fiscal Year 2012.
Total Lottery funding for education-related programs in Tennessee—including funds for scholarships, grants, and after-school programs—now exceeds $3.3 billion since the Lottery’s first day of ticket sales more than 11 years ago. The third quarter of FY15 also saw a record in total Lottery sales of more than $400.9 million, an increase of more than $24.6 million over the previous record set in the third quarter of last year.
“This was a remarkably robust quarter for the Lottery,” said Rebecca Hargrove, President and CEO of the Tennessee Education Lottery Corporation. “Our array of instant games proved especially popular, and when combined with sizeable jackpots in our drawing-style games, we were again able to post record returns. The best news, of course, is that the funds raised will serve to benefit Tennessee students and their families all across the state.”
About the Tennessee Lottery
The Tennessee Education Lottery Corporation operates entirely from the revenue it generates through the sale of its products. Since January 20, 2004, the Lottery has raised more than $3.3 billion for designated education programs, funding more than 900,000 college grants and scholarships, a variety of after-school programs, and the new Tennessee Promise initiative.
In addition to the educational beneficiaries, players have won more than $8.2 billion in prizes and Lottery retailer partners have earned more than $848 million in retailer commissions.
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