Sales during third year top $1 billion; Total raised for education more than $763 million!
NASHVILLE—The Tennessee Education Lottery marked its third anniversary today with a financial transfer that brings the total raised for education to more than $763 million. The Lottery also announced the launch of “Million $ Madness,” a game with the best chance yet to win $1 million.
To illustrate the game’s biggest draw—four prizes of $1 million each—Lottery officials unveiled details at downtown Nashville’s FirstBank … where stacks of cash served as a backdrop.
“As part of our third year celebration, we wanted to introduce a game that’s sure to continue the momentum that has helped generate more than $763 million for education,” said Rebecca Paul Hargrove, Tennessee Lottery President and CEO. “Innovative games that are fun to play are a hit with players, which means a win for education and Tennessee.”
Hargrove presented a review of the Lottery’s past three years and disclosed details of Million $ Madness, a raffle-style game with a limited quantity of tickets available. Once all 800,000 tickets are sold, a drawing will be held to select four (4) $1 million-dollar prizes, two (2) $50,000 prizes, and one-hundred (100) $500 prizes. The odds to win $1 million are 1 in 200,000. All ticket numbers will be unique and no number will be duplicated. As an added bonus, each retailer who sells a $1 million ticket will receive $5,000.
“We’ll continue to introduce exciting products in order to maximize the dollars we raise for education,” said Hargrove. Tennessee uses lottery monies to fund college scholarships, pre-kindergarten and after-school programs. During academic year 2006-07, an estimated 60,000 college students have received lottery-funded awards.
Details about the Lottery’s first three years (through close of business, Jan. 19, 2007) include:
More than $2.8 billion in gross ticket sales, with a record-topping $1.04 billion during the past 365 days
Estimated total raised for education during 3 years: $778 million
Over $1.6 billion in prizes won by players
Nearly $185 million paid in retailer commissions
Number of Instant Games Launched: 120
Number of computerized games launched: 6 (Includes today’s launch of Million $ Madness, in addition to Cash 3, Powerball, Lotto 5, Cash 4 and Hot Trax Champions)
Most Popular Instant Ticket Games during the past 365 days are: $1 game: Jr. Jumbo Bucks; $2 game: Jumbo Bucks; $5 game: Giant Jumbo Bucks
The Tennessee Lottery began selling its first tickets on January 20, 2004. For more information about the Tennessee Education Lottery, please visit www.tnlottery.com. For information about Lottery-funded scholarships, visit www.collegepaystn.com.
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