NASHVILLE - The latest transfer of nearly $79.6 million to the state’s Lottery for Education Account pushes the amount raised for education to over one-half billion dollars. The transfer is also the highest since sales began just over two years ago.
“This quarter is significant in so many ways,” said Rebecca Paul, President and CEO of the Tennessee Lottery. “More than a half-billion dollars for education is something we can all celebrate, from Memphis to Mountain City.”
The third quarter transfer (for the period of Jan. 1, 2006 - March 31, 2006) is $79,581,000, bringing the total proceeds for the Lottery for Education Account since inception to $558,083,000. In addition, the Lottery has transferred $8,922,000 to the After-School Program Account, which brings the total raised for education to $567,005,000.
Additional details about the funds generated by the Lottery since inception include:
For the period of January 20, 2004 through March 31, 2006
More than $2 billion in gross ticket sales
Nearly $1.16 billion in prizes won by players
$132.1 million paid in retailer commissions
$25 million used for pre-kindergarten programs
$8.9 million raised for after-school programs
TOTAL RAISED FOR EDUCATION: $567 MILLION!
“We’ll continue to keep the games fresh and exciting to continue this momentum,” said Paul. “It’s a great day for Tennessee … and an even better day for its students.”
The Tennessee Lottery began selling tickets on January 20, 2004. As of March 31, 2006, the Lottery has raised more than $567 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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