NASHVILLE -The Tennessee Education Lottery will transfer $72.2 million to the state’s Lottery for Education Fund for the quarter ending December 31, 2005—the highest return since sales began nearly two years ago.
The transfer will bring the total raised for education to $487.4 million, which includes $478.5 million for education programs such as HOPE Scholarships and pre-kindergarten programs, plus an additional $8.9 million raised for after-school programs.
“We’ve nearly reached the half-billion-dollar mark, which is exciting news for students and families across the state,” said Rebecca Paul, CEO and President of the Tennessee Lottery. ”We’re pleased to be nearing our second anniversary with such strong momentum.”
Additional details about the funds generated by the Lottery since inception include:
For the period of January 20, 2004 through December 31, 2005
More than $1.7 billion in gross ticket sales
$983.2 million in prizes won by players
$113.4 million paid in retailer commissions
Awards pledged to 57,133 students* through Jan. 3, 2006 (*According to the Tennessee Student Assistance Corp., these amounts will vary as certification rosters are completed.)
$25 million has been earmarked for pre-kindergarten programs
The latest announcements from the Tennessee Lottery include current jackpots of $76 million and $610,000 for Powerball and Lotto 5, respectively; the Green Ball Cash 3 promotion, which ends January 28; the introduction of midday Cash 3 and Cash 4 drawings; and exciting new instant ticket games launched every month.
The Tennessee Lottery began selling tickets on January 20, 2004. As of Dec. 31, 2005, the Lottery has raised more than $487 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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