NASHVILLE - The Tennessee Lottery’s transfer of more than $67.7 million to the state’s Lottery for Education Account brings the total amount raised for education to over $987 million. The transfer for the quarter ending Sept. 30, 2007, is 8.79 percent higher than the same quarter one year ago.
“Thanks to support from throughout the state, the momentum created since inception continues,” said Rebecca Hargrove, President and CEO. “Several exciting new game announcements are just around the corner, which will help continue the success we’ve had in generating hundreds of millions of dollars for education in Tennessee.”
According to the Tennessee Student Assistance Corporation (TSAC), the organization that oversees the Lottery-funded scholarship programs, more than 68,000 students are expected to receive awards to higher-education institutions in the state this year. In addition, thousands of students have benefited from pre-kindergarten and after-school services provided with Lottery funds.
Additional details about the funds generated by the Lottery since inception include:
For the period of January 20, 2004 through Sept. 30, 2007:
• More than $3.58 billion in gross ticket sales
• Nearly $2.07 billion in prizes won by players
• $233.5 million paid in retailer commissions
• $960.28 million transferred to the Lottery for Education Account
• $26.75 million raised for after-school programs
• TOTAL RAISED FOR EDUCATION: $987.03 MILLION!
The Tennessee Lottery began selling its first tickets on January 20, 2004. Funds are used for specific education programs, including college scholarships, pre-kindergarten and after-school programs. For more information, please visit www.tnlottery.com. For information about Lottery-funded scholarships, visit www.collegepaystn.com.
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