TENNESSEE LOTTERY RAISES RECORD $140,300,000 FOR EDUCATION IN FY 2021 THIRD QUARTER

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**NEWS UPDATE**     
April 15, 2021

TENNESSEE LOTTERY RAISES RECORD $140,300,000 FOR EDUCATION IN FY 2021 THIRD QUARTER

More Than $5.875 Billion Raised For Education since January 20, 2004

 

NASHVILLE – The Tennessee Education Lottery Corporation (TEL) today announced it raised a record-shattering $140,300,000 for designated education programs in Tennessee during the third quarter of Fiscal Year 2021 (January 1-March 31).

This bests the Lottery’s previous record transfer of $122,968,219 for FY2019 Q2 by more than $17 million.

The Q3 transfer includes $132,883,000 – a record on its own – for the Lottery for Education Account and $7,417,000 for after-school programs, bringing the total the Lottery has raised for education in Tennessee since January 20, 2004 to $5,875,423,000.

“We began the third quarter with dueling jackpot rolls for Mega Millions and Powerball, which contributed to increased player excitement, and our March Instant Games Revenues were the highest of any month since inception,” TEL President and CEO Rebecca Paul Hargrove said. “Our mission is to raise funds for the designated education programs we fund, and this is a great day for students all across Tennessee.”

Lottery players also collected $330,618,000 in prize winnings during Q3.

Additional highlights include:

·         Total Revenues Fiscal Year-to-Date were $1,524,989,000, up 16.1 percent over this time last year;

·         FY2021 Year-to-Date totals for Lottery for Education proceeds are $356,774,000; and

·         Total Revenues for March 2021 were the second highest since inception.

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.

The TEL encourages all players to take appropriate health and safety precautions when purchasing tickets at Lottery retailers.

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 nearly $5.9 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 $16.1 billion in prizes and Lottery retailers have earned more than $1.5 billion in commissions.

 

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

 

MEDIA CONTACT:

Dave Smith

615-324-6556

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