NASHVILLE – For the Second Quarter of Fiscal Year 2022, the Tennessee Education Lottery (TEL) transferred $121,351,000 to the Lottery for Education Account, the second highest Q2 transfer in its history.
This brings the total education funds raised by the Lottery since January 20, 2004 to $6,249,138,000.
The Lottery crossed over $1 billion in Total Revenues (instant and draw-style games) for the current fiscal year (July 1, 2021 – June 30, 2022) on December 28, 2021 – the earliest it has ever done so in the Lottery’s remarkable history.
Total Revenues for Q2 FY 2022 equaled $521,094,000, the fourth consecutive quarter Total Revenues have exceeded $500 million.
“The Second Quarter was significant for the Lottery for several reasons. First, we surpassed $1 billion in Total Revenues the earliest in a fiscal year we’ve ever accomplished that feat,” TEL President and CEO Rebecca Paul said. “Second, we set a new record for Instant Game Revenues in a calendar year during 2021. We will work hard to build upon the momentum we’ve seen as we continue our mission of raising funds for critical education programs in Tennessee.”
Since the Lottery’s inception, more than 1.7 million scholarships and grants have been awarded with Lottery funds. More than 151,000 Tennessee students benefited in the 2020-2021 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 $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 $17.2 billion in prizes and Lottery retailers have earned more than $1.6 billion in commissions.
For additional information, visit tnlottery.com and follow the TEL on Facebook, Twitter & Instagram.