TN lottery sees record year for 2013
The Tennessee Lottery had a record year for the ninth consecutive year.
The Tennessee Education Lottery Corporation announced Tuesday an all time high of $339.7 Million in proceeds raised for the state education programs, a five percent increase from last year.
The lottery reported $1.36 billion in total sales for the fiscal year.
"Like any successful business, we keep sharply focused on our corporate mission," said Rebecca Hargrove, President and CEO of the Tennessee Education Lottery Corporation. "Developing innovative and entertaining games for our players, emphasizing efficiency and best business practices across the organization, and working closely with our outstanding retailer channel all contributed to another extraordinary year. The end result, of course, is generating more dollars to assist Tennessee students and their families, and we're proud to have played our part."
The lottery introduced 47 new instant ticket games as well as Hot Lotto in addition to their already popular instant ticket games, drawing style games and Powerball.
Lottery sales helped fund more than 700,000 grants or scholarships to in-state education institutions since 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.