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LOTTERY RAISES $64 MILLION FOR EDUCATION PROGRAMS IN TENNESSEE: FIRST QUARTERLY TRANSFER DEPOSITED INTO STATE COFFERS
Thursday, April 15, 2004
Media Contact:  Kym Gerlock
(615) 324-6556 Office
(615) 604-2827 Mobile
 

NASHVILLE — The Tennessee Education Lottery handed over nearly $64 million to the state in what will be a regular quarterly transfer of funds raised from Lottery ticket sales.



“This historic day culminates months of hard work from so many people,” said Rebecca Paul, CEO and president of the Tennessee Lottery. “Putting these new dollars toward education is what we’re all about. Today is a great day for Tennessee.”



To be exact, the Tennessee Education Lottery Corp. transferred $63,774,000 to the Tennessee Lottery for Education bank account today.



“This is a momentous day for education in Tennessee,” said Dr. Myron Oglesby-Pitts, director of the Tennessee Education Lottery Scholarship Program. “By making higher education available to all motivated students, we are helping to raise the aspirations and expectations of all Tennessee families.”



The Tennessee Student Assistance Corp., which oversees the Lottery Scholarship Program, urges eligible students to apply by May 1. To learn more, go to www.tnscholardollars.com or call 615.741.1346.



The Tennessee Lottery is headed for yet another milestone with the imminent launch of Powerball, which is set to begin on Monday, April 19. Powerball is a multi-state lotto game that offers multimillion-dollar jackpots and nine ways to win.

All Tennessee Lottery profits will go to education programs. Most immediately, the Lottery is charged with raising at least $88 million by July 1 in order to fund scholarships for an estimated 65,000 students expected to attend Tennessee colleges and universities next fall.

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