Lottery Proceeds Come To More Than 5 Billion Dollars

Jul 16, 2020 at 09:22 am by admin


Driven by the success of Tennessee-only draw style and instant games this fiscal year, the Tennessee Education Lottery Corporation (TEL) today announced it has raised $5,503,978,000 for education in Tennessee since January 20, 2004.

The TEL closed FY 2020 with its best quarter (4Q, April 1 - June 30, 2020) since inception, transferring $118,263,000 to the Lottery for Education Account.

For all of FY 2020, the TEL recorded its highest gross total revenues of $1.84 billion, generating a total of $438,229,000 for education in Tennessee, including $17,605,000 for after-school programs.

"We find ourselves in unique times, but our mission remains the same: to serve Tennessee by generating proceeds for education," TEL President and CEO Rebecca Paul Hargrove said. "Throughout this spring and summer, we stayed focused on our mission. I am incredibly grateful for our committed retailers, passionate players, Board of Directors and the dedicated team at the TEL who made this possible for Tennessee students."

Additional highlights from FY 2020 include:

Sections: COURIER SPOTLIGHT