For the first time in its history, the Tennessee Education Lottery has surpassed $2 billion in total revenues for a fiscal year

in Lottery

NASHVILLE – 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.

Fiscal Year 2021 has been record-setting in several ways:

  • 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;
  • Tennessee-only drawing-style games Cash 3 and Cash 4 are up more than 17 percent and 20 percent through June 15, respectively;
  • On April 6, Instant Game sales were the highest of any single day since the Lottery’s record-setting first day of operation, January 20, 2004;
  • The week ending April 10 set a record of $47,104,000 in instant game sales in a week; and
  • The Lottery raised a record-shattering $140,300,000 for the Lottery for Education Account during Q3.

“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.

The TEL reminds all players to Have Fun and Play Responsibly.

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 $5.8 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.

https://tnlottery.com/tennessee-lottery-surpasses-2000000000-in-total-annual-revenues-for-first-time-ever/