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LOTTERY GENERATES NEARLY $360 MILLION FOR EDUCATION; First Full Fiscal Year A Win for Tennessee
Monday, July 18, 2005
Media Contact:  Kym Gerlock
(615) 324-6556 Office
(615) 604-2827 Mobile
 
“This has been a winning year for Tennesseans, but especially for families and students,” said Rebecca Paul, CEO and President of the Tennessee Lottery.

NASHVILLE - The Tennessee Education Lottery announced today it has raised nearly $360 million for education since it began selling tickets just over 17 months ago.

The message came as the Lottery officially closed its books for its first full fiscal year, which ended June 30. The latest quarterly transfer of $59,088,000 to the Lottery for Education Account brings the total of funds transferred to that account from Jan. 20, 2004 to June 30, 2005 to $350,694,000.

An additional $6,873,000 has been raised to fund after-school programs, for a grand total of $359,616,000 raised for education since the Lottery’s launch.

“This has been a winning year for Tennesseans, but especially for families and students,” said Rebecca Paul, CEO and President of the Tennessee Lottery. ”These outstanding results are possible thanks to the enthusiasm of thousands of retailers and players who have embraced this additional way to raise dollars for education.”

Additional details about the funds generated by the Lottery for the period of Jan. 20, 2004 through June 30, 2005 include:

Nearly $1.3 billion in gross ticket sales
More than $723.4 million in prizes won by players
Nearly $83 million paid in retailer commissions
Nearly 37,000 students attended higher learning institutions in the state in Fall 2004 with Lottery-funded scholarships
$25 million has been earmarked for pre-kindergarten programs

Highlights from the more than $723.4 million won by Tennessee players include:

2 players who have won $1 million each through the Tennessee Millionaire and Volunteer Millionaire instant ticket games
2 players who have won the top prize in the instant ticket game, Win for Life. This prize means each player will receive $1,000 a week for life with a minimum guarantee of $1 million.
1 player who won a $25.5 million Powerball jackpot
2 players who split a $1.15 million Lotto 5 jackpot
More than 70 players who have won between $100,000 and $500,000 each by matching five of five white balls in Powerball.

Upcoming events include a third drawing for $1 million, new changes to Powerball and exciting new instant ticket games launched every month.

The Tennessee Lottery began selling its first tickets on January 20, 2004. As of June 30, 2005, the Lottery has raised more than $359 million to fund 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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