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LOTTERY RAISES MORE THAN $291 MILLION FOR EDUCATION; $59.8M RAISED FOR THE QUARTER ENDING MARCH 31
Monday, April 18, 2005
Media Contact:  Gretchen Vanhorn
615-324-6554 Office
615-351-6972 Mobile
 

NASHVILLE — The Tennessee Education Lottery will transfer $59.8 million to the Tennessee Lottery for Education fund this week for the third quarter of its 2004-05 fiscal year, bringing the total amount generated since inception to more than $291 million.

“We continue stay on track to provide scholarships for all eligible students, as well as create additional dollars for education,” said CEO and President Rebecca Paul.

Additional details about this quarter’s sales include:

Total since inception (1/20/04-3/31/05)

Prizes won: $598.6 million (approx.)

Commissions paid to retailers: $68 million (approx.)

3rd quarter only (1/01/05-3/31/05)

Prizes won: $162.3 million (approx.)

Commissions paid to retailers: $14.8 million (approx.)

For more details about Lottery scholarships, contact the Tennessee Student Assistance Corp., which oversees the scholarship program, at 615.741.1346 or visit www.collegepaystn.com

The Tennessee Lottery began selling its first tickets on January 20, 2004. Proceeds as of March 31, 2005 have resulted in transfers to the Lottery for Education Account of more than $291 million, in addition to 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. For more information, please visit www.tnlottery.com.

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