NASHVILLE - The Tennessee Education Lottery announced today ticket sales for its first 163 days were $427,686,709. This will mean approximately $120 million for education programs in the state and nearly $2 million to after-school programs, which will be confirmed when the Lottery makes its official transfer to the Tennessee Lottery for Education fund on July 15.
In addition to the funding for education, the Lottery also announced that $227,459,881 in prizes has been won and approximately $27,793,323 in sales commissions has been paid to Tennessee retailers who sell its products.
“Thanks to the work of some incredible people and the support of more than 4,300 retail partners, the future is brighter for education in Tennessee,” said Rebecca Paul, CEO and president.
“We’re looking forward to building on the current momentum in the months to come and are proud to be part of this new day.”
With more than $427 million in sales, the Tennessee Lottery estimates that it ranks second in top sales for a lottery’s first 163 days.
“While ranking at the top of the industry is certainly an achievement, more significant is the kick-start we’ve achieved and the precedent it sets for our future,” said Paul. “Generating more than $120 million for education programs is something that will benefit the entire state for years to come.”
The sales come from the Lottery’s three games: instant tickets, which were launched Jan. 20, and two online games: Cash 3, which began March 1, and Powerball, which launched April 19.
The Lottery was initially charged with raising at least $88 million by July 1 to fund scholarships for an estimated 65,000 students expected to attend Tennessee colleges and universities this fall. With that goal well behind, the Lottery looks ahead to continued success and excitement. On the horizon is its next online game, which will be introduced early this fall.
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