NASHVILLE - The Tennessee Lottery has had another record fiscal year, with a return of $284.2 million to education, bringing the total raised since inception to over $919 million. Gross sales for the fiscal year, which ended June 30, were over $1 billion—gross sales since inception are over $3.3 billion.
“We are pleased to report that we’ve continued to increase sales and the return to education each year since we began,” said Rebecca Paul Hargrove, President and CEO of the Tennessee Lottery. “The Lottery is committed to continuing this success to benefit students and families in Tennessee.”
During the past fiscal year, Lottery funds were used to assist nearly 60,000 students at higher education institutions in the state, to fund 290 Pre-K classes, and to fund grants to 126 after-school programs.
Game highlights from the Lottery’s past year include the sell-out success of Million $ Madness, a raffle-style game that created four millionaires; the introduction of Play it Again!, a program that gives instant ticket players a second chance to win prizes; the launch of Hot Trax Champions; 38 new instant ticket games, including “Deal or No Deal” and “NASCAR”; and the first winner of a $2 million Powerball prize.
“Looking ahead, we will continue to introduce new products, operate with the utmost integrity and provide superior customer service,” said Hargrove.
Upcoming developments include:
•A new prize level in the popular game, Lotto 5, which will allow a player to win by matching two of five numbers in addition to three other prize levels in this game
•An exciting new way to hold drawings using the latest in automated technology, joining numerous lotteries throughout the country that use similar computerization
In addition to $3.3 billion in gross ticket sales since inception, the Lottery reports the following details about activity since ticket sales began on January 20, 2004:
•More than $1.9 billion in prizes won by players, including:
oMore than 675 winners of $50,000 or more.
oOf those, 17 were wins of $1 million or more
•Nearly $216.8 million paid in retailer commissions
Out of every dollar spent on tickets during fiscal year 2006-2007, about 27.5 cents is given to the Lottery for Education Fund; about 58.5 cents is awarded in prizes; about 7 cents is paid to retailers; and about 7 cents is used for operational costs.
The Tennessee Lottery began selling its first tickets on January 20, 2004. As of June 30, 2007, the Lottery has raised more than $919 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.
Return to Newsroom