|". . .56,000 students attended Tennessee higher education institutions with the help of lottery-funded scholarships,” said Paul. “That number stands high above all others . . ."
NASHVILLE - More than $636 million has been generated for education programs in the state since the Tennessee Lottery began selling tickets nearly two and a half years ago. The news comes as the Lottery officially wraps up fiscal year 2005-2006, which ended June 30, with gross ticket sales 18 percent above the previous year – nearly $1 billion at $996.3 million.
During the past fiscal year the Lottery raised $269.8 million for the Lottery for Education Account and another $7.3 million for after-school programs – a total of $277.1 million. Altogether, since January 20, 2004, the Tennessee Lottery has generated more than $636 million for education programs in the state.
“What an incredible year,” said Rebecca Paul, President and CEO of the Tennessee Lottery. “Players have won millions in prizes, businesses have benefited in many ways and we’ve all worked together to create the most important and long-lasting result of all: more than $636 million for education!”
“During the past fiscal year alone, 56,000 students attended Tennessee higher education institutions with the help of lottery-funded scholarships,” said Paul. “That number stands high above all others as we reflect on the past year.”
Game highlights from the Lottery’s past year include the launch of midday Cash 3 and Cash 4 drawings; the introduction of 36 new instant ticket games, including the World Series of Poker “$100,000 Hold ‘em Poker” instant ticket game; and two unprecedented $300-million-plus Powerball jackpots.
“We’re looking forward to another exciting year,” said Paul.
In addition to $2.27 billion in gross ticket sales since inception, the Lottery reports the following details about activity since January 20, 2004:
Nearly $147.6 million paid in retailer commissions.
More than $1.3 billion in prizes won by players, including:
o More than 450 winners of $50,000 or more.
o Of those, 11 players have won $1 million or more each, including one winner of a $25.5 million jackpot.
o Two players have split a $1.5 million Lotto 5 jackpot.
o Seven players have won Harley-Davidson Sportster 1200 Custom Motorcycles and two players have won C6 Corvette Convertibles.
o Four players have won a seat in a U.S. qualifying World Series of Poker tournament.
Out of every dollar, about 29 cents is given to the state’s Lottery for Education Fund; about 58 cents is awarded in prizes; about 6.5 cents is paid to retailers; and about 6 cents is used for operational costs.
The Tennessee Lottery began selling its first tickets on January 20, 2004. As of June 30, 2006, the Lottery has raised more than $636 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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