The Tennessee Education Lottery transfers more than $122 Million to Education in Tennessee in Q1 FY 22

in Lottery

NEWS UPDATE     
October 18, 2021

 

LOTTERY TRANSFERS MORE THAN $122 MILLION TO EDUCATION IN TENNESSEE IN Q1 FY22

First Quarter Lottery Revenues Surpass Half-a-Billion Dollars

 

NASHVILLE – The Tennessee Education Lottery (TEL) transferred $118,127,000 to the Lottery for Education Account for the First Quarter of Fiscal Year 2022 on the strength of its best Q1 in TEL history. The TEL also generated $4,353,000 for after-school programs.

The Lottery’s First Quarter (July 1 – September 30, 2021) Total Revenues were $501.8 million, the highest for any first quarter since the Lottery’s inception in 2004.

This brings the total Lottery funds raised for education since January 20, 2004 to $6,126,000,000.

“Our revenues for September were exceptionally strong, supported by the recent Powerball jackpot run that generated tremendous player excitement,” TEL President and CEO Rebecca Paul Hargrove said. “For Fiscal Year 2022 Q1, our revenues across all games are up nearly 2 percent, and we look forward to keeping that momentum as we continue our work to raise funds for education in Tennessee.”

Since the Lottery’s inception, more than 1.6 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 $16.8 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.

 

MEDIA CONTACT:

David Smith

615-324-6556

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