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VOL. 36 | NO. 41 | Friday, October 12, 2012
State lottery has record 1st quarter with $81M
NASHVILLE (AP) — The Tennessee Education Lottery Corp. has raised a record $81 million in the first quarter.
That's a 14 percent increase over the same period last fiscal year, which set the previous record with $71 million.
Total lottery funding for education-related programs in Tennessee exceeds $2.47 billion since the lottery's inception in 2004.
According to data from the Tennessee Student Assistance Corp., lottery money has provided more than 600,000 scholarships and grants to in-state educational institutions during that time. More than 100,000 scholarships and grants were provided during the past academic year alone.
Lottery funds are also used to support after-school programs and energy efficiency in schools.