TENNESSEE LOTTERY POSTS BEST FIRST QUARTER OF FISCAL YEAR SINCE INCEPTION

“We ended the last fiscal year in a solid position, and we have continued that momentum through the first quarter,” TEL President and CEO Rebecca Paul Hargrove said.

NEWS UPDATE     
October 16, 2020

LOTTERY POSTS BEST FIRST QUARTER OF FISCAL YEAR SINCE INCEPTION

Lottery Transfers More Than $114 Million to the Lottery for Education Account

 

NASHVILLE – The Tennessee Education Lottery Corporation (TEL) today announced its FY2021 first quarter (July 1 – September 30, 2020) transfer of $114,032,000 to the Lottery for Education Account, bringing the total raised for education since January 20, 2004 to $5,624,173,000.

“We ended the last fiscal year in a solid position, and we have continued that momentum through the first quarter,” TEL President and CEO Rebecca Paul Hargrove said.

Additional highlights from FY2021 Q1 include:

·       Q1 Tennessee Instant Games revenues of $420.8 million beat the prior year by $69 million and set a new Q1 record;

·       Q1 Total Revenues of $492.8 million were $70.9 million more than the prior year and the highest Q1 since inception; and

·       Total Revenues of Tennessee-based games (instant and drawing-style) are up 19.1 percent over this time last year.     

Players also won $319.6 million during Q1.

Since the Lottery’s inception, more than 1.5 million scholarships and grants have been awarded with Lottery funds. More than 150,000 Tennessee students benefited in the 2019-2020 school year alone.

 

About the Tennessee Education Lottery Corporation

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 $5.6 billion to fund designated education programs, including college grants, scholarships, Drive to 55 initiatives and after-school programs. In addition to the educational beneficiaries, players have won more than $15.5 billion in prizes and Lottery retailers have earned more than $1.4 billion in commissions.

 

For additional information, visit tnlottery.com and follow the TEL on Facebook, Twitter & Instagram.

 

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