sales for the three-month period ending Sept. 30 reached $338.5M, an 8.6 percent increase over
last year's then-record first quarter, and delivering proceeds in the amount of
$80.2M for education programs in
Lottery funding for education-related programs in Tennessee including funds for
scholarships, grants, and after-school activities—now exceeds $2.8 billion since the Lottery's
inception in January 2004.
"As the Lottery approaches its tenth
anniversary, we're excited to continue producing such strong numbers for
education funding in Tennessee," said Rebecca Hargrove, President and CEO of
the Tennessee Education Lottery Corporation. "These results validate our
efforts and serve our mission. We work to provide fun and innovative
experiences for the lottery-playing
public, while operating efficiently and emphasizing best practices across the
corporation. The overriding goal, of course, is to provide vital education-related funding for Tennessee
students and their families."
transfer of $339.7 million to education programs in the state was announced
last year, which was an increase of approximately $16.2M over the then-record
set the previous year. The Lottery also reported a record breaking $1.36
billion in total sales for fiscal year 2013, a jump of $56.3M from the prior
year's record total.
nine consecutive years of record sales growth, these are remarkable returns and
a great way to kick off the new fiscal year," said Keith Simmons, Chair of the
Tennessee Education Lottery Corporation's Board of Directors. "From the board's
perspective, we certainly appreciate the business-like approach to the
Lottery's operations and the commitment to delivering funding for the
Lottery-supported education programs in Tennessee."
than 700,000 grants and scholarships
to in-state education institutions have been awarded since the Lottery's
inception in 2004, including more than
100,000 awards during the past academic year alone. Lottery funds are
also used to support other education-related activities, such as after-school
programs and an ongoing initiative to make schools more energy efficient.