The Tennessee Education Lottery will transfer $51.3 million to the Tennessee Lottery for Education fund today for the first quarter of its 2004-05 fiscal year, bringing the total amount generated from Jan. 20 to Sept. 30 to more than $174 million.
Additional details include:
1st quarter 2004-05
Prizes won: approx. $94.9 million
Commissions paid to retailers: approx. $11.9 million
Total since inception
Prizes won: approx. $322.4 million
Commissions paid to retailers: approx. $39.7 million
“The excitement about this transfer is matched only by the enthusiasm of the families and students who continue to share their stories about the new education programs available,” said Rebecca Paul, CEO and President of the Tennessee Lottery.
“Proceeds continue to be on track to more than fund scholarships for all eligible students. Our retailer network has grown to more than 4,400 locations throughout the state, and each day brings new progress.”
More than 47,000 Tennessee students have received some form of Lottery-funded educational assistance to attend higher-education institutions in the state this fall.
"Just as we expected, the first year of the Lottery Scholarship Program has shown a tremendous amount of excitement and energy among Tennessee families who want the opportunity to pursue higher education,” said Dr. Myron Oglesby-Pitts, director of the Tennessee Education Lottery Scholarship (TELS) program.
For more details about Lottery scholarships, contact the Tennessee Student Assistance Corp., which oversees the scholarship program, or visit www.tnscholardollars.com.
The Tennessee Lottery began selling its first instant tickets on Jan. 20, 2004. As of Oct. 15, the Lottery had transferred more than $174 million to the Tennessee Lottery for Education account, as well as more than $2 million for after-school programs. All Lottery profits will go to pay for specific education programs in Tennessee, which initially include HOPE Scholarships.
Return to Newsroom