Tennessee Education Lottery Corporation's 1st Quarter Is Highest Since Inception

Tuesday, October 17, 2017

The Tennessee Education Lottery Corporation continues to shatter its own records, announcing the highest first quarter since it began Jan. 20, 2004. The lottery transferred $103 million to the Lottery for Education Account for the period of July 1 through Sept. 30, 14.1 percent higher than the previous record set during the same period last year. Total sales were $423.7 million, up 11.8 percent over the prior year.

 

 

Drawing-style game sales hit a record $92.8 million, driven by a Powerball jackpot that grew to $758.7 million (won Aug. 23), and the launch of KENO To Go. And with help from the lottery’s “Mighty Jumbo Bucks” game, instant game sales were a record $330.9 million.

 

“These results are great news for education. Our ongoing success is a testament to the hard work of a dedicated team of professionals, our board of directors, retailer network, and so many others,” said Rebecca Hargrove, president and CEO.

 

The Tennessee Education Lottery Corporation operates entirely from the revenue it generates through the sale of its products. Since January 20, 2004, the Lottery has raised more than $4.3 billion to fund designated education programs, including after-school programs, college grants and scholarships and the Governor’s Drive to 55 initiatives.

 

In addition to the educational beneficiaries, players have won more than $11.8 billion in prizes and Lottery retailers have earned more than $1.1 billion in retailer commissions.

 


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