News release from Tennessee Education Lottery Corp.
Posting record sales for the 11th consecutive year, the Tennessee Education Lottery Corporation today announced its sales and proceeds figures for Fiscal Year 2015. The Lottery reported $1.475 Billion in total sales for the period from July 1, 2014, through June 30, 2015, an increase of $58.7 Million, or 4.1 percent, over last year’s previous sales record of $1.417 Billion. This year’s sales resulted in a contribution of $347.7 Million for all education programs funded by the Lottery, also a record.
Once again, robust growth in instant ticket sales fueled the record year. Forty-six new instant ticket games were introduced during the year. Sales of these popular games reached an all-time high of $1.2 Billion during FY 2015, amounting to 83 percent of all Lottery sales.
“We work hard developing fresh and innovative games that respond to the market demand and offer value and entertainment for our players,” said Rebecca Hargrove, President and CEO of the Tennessee Education Lottery Corporation. “In so doing, we stay focused on the Corporation’s mission to serve Tennessee students and their families by responsibly raising proceeds for the designated education programs funded by the Lottery. With first-rate support for our retailer channel and the use of best practices throughout the organization, I am proud to report that this approach has delivered record sales for the eleventh consecutive fiscal year.”
Total Lottery funding for education-related programs in Tennessee—including funds used for scholarships, grants, and after-school programs—now exceeds $3.4 Billion since ticket sales began in January 2004.
Since January 20, 2004, more than 900,000 scholarships, grants and dual-enrollment awards have been awarded to Tennessee students, including more than 100,000 during the past academic year alone. Lottery funds are also used to support other education-related activities, such as after-school programs, an ongoing project to make schools more energy efficient, and the new Tennessee Promise initiative.
In addition to the educational beneficiaries, players have won more than $8.4 Billion in prizes and Lottery retailer partners have earned more than $872 Million in retailer commissions.