Tennessee Lottery annual sales surpass £2bn for the first time
For the first time in its history, the Tennessee Education Lottery has surpassed $2 billion in total revenues for a fiscal year.
Total revenues sailed past the $2 billion mark June 15 with more than two weeks left in the fiscal year, which ends June 30. The Lottery had its best Q1 (July 1-September 30) ever, transferring an impressive $114,032,000 to the Lottery for Education Account; Q2 revenues from Lottery instant games were $399.5 million, the highest for any Q2 since inception.
“This has been quite the year in many ways, but our mission remains the same: to raise funds for the designated education programs we fund,” TEL President and CEO Rebecca Paul Hargrove said. “This is a great day for students across Tennessee, and we look forward to announcing our fiscal year totals in mid-July.”
Since the Lottery’s inception, more than 1.6 million scholarships and grants have been awarded with Lottery funds. More than 150,000 Tennessee students benefited in the 2019-2020 school year alone.