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VOL. 40 | NO. 29 | Friday, July 15, 2016
Tennessee lottery's record sales mean $394M for education
NASHVILLE (AP) — The Tennessee Education Lottery contributed $394 million to education programs for the fiscal year ending June 30, a record high contribution that is $46 million more than last year's record.
According to a news release, the lottery had over $1.6 billion in total sales last fiscal year, also a record. The lottery set monthly total sales records in 11 of the 12 months of fiscal year 2016 and set quarterly records for all four quarters.
Instant game sales brought in a record $1.3 billion in fiscal year 2016. Drawing-style game sales set a record of nearly $323 million. That record was fueled by an unprecedented $1.58 billion Powerball jackpot.
Total sales since the lottery's inception are more than $15 billion, and total contributions to education are more than $3.8 billion.