NASHVILLE - The Tennessee Education Lottery Corporation today announced results of its first quarter, which produced the highest Lottery for Education Proceeds of any first quarter since its inception in January 2004. The period from July 1, 2015, through September 30, 2015, saw a return of $84.6 million, a 10.8% increase over the same period last fiscal year. The first quarter also saw the highest first quarter total sales since inception, at $361.7 million, a 6.5% increase over the same period last fiscal year.
Total Lottery funding for education-related programs in Tennessee, including funds used for scholarships, grants, and after-school programs, now exceeds $3.5 billion.
“This was a remarkably robust quarter for the Lottery,” said Rebecca Hargrove, President and CEO of the Tennessee Education Lottery Corporation. “We saw growth across all of our products, helping to post record returns. The best news, of course, is that the funds raised will benefit Tennessee students and their families across the state.”
Since January 20, 2004, nearly one million scholarships, grants and dual-enrollment awards have been awarded to Tennessee students. Lottery funds are also used to support other education-related activities, such as after-school programs, an ongoing project to make schools more energy efficient, and the new Tennessee Promise initiative.
In addition to the educational beneficiaries, players have won more than $8.7 billion in prizes, and Lottery retailer partners have earned more than $896 million in retailer commissions.
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