Tenn. Lottery scholarships underfunded
The Tennessee Lottery games aren't generating enough money to pay for all of the Hope Scholarships. Now, lawmakers are putting options together that could make it tougher for students to get a scholarship in the future.
More students than ever are eligible to receive the annual $4,000 Hope Scholarship. A special task force has been analyzing the problem for the last year. Lawmakers say they don't want to impact any current scholarships and break promises to students.
That's part of their ...
Jan 19, 2011, 7:44 am - Lottery News forum
New Tennessee lottery game debuts tonight
The latest game from the Tennessee Lottery begins tonight, with the first drawing of Tennessee Cash.
In the game, players select any five numbers from a field of 1 to 35, and one Cash Ball number from a field of 1 to 5. Players can also choose a Quick Pick, which has the computer assign random numbers to the ticket.
Players win if they match any of 8 winning combinations.
Tennessee Cash replaces the retired Pick 5 game, which saw its last drawing on Oct. 1.
Tickets cost $1 per play.
Oct 4, 2010, 9:31 am - Lottery News forum
TN lottery scholarships safe from cuts
UT study shows shortfall is less than previously projected
The dollar shortfall between Tennessee lottery revenue and the scholarship programs it funds is much less than previously projected, a study shows, indicating that lottery scholarships won't have to be cut or made harder to get.
The Commercial Appeal of Memphis reported that the study by the University of Tennessee Center for Business and Economic Research was presented this week at the Lottery Scholarship Stabilization Task Force' ...
Aug 19, 2010, 10:19 am - Lottery News forum
Tenn. Lottery uses other states' lotto numbers, headquarters flooded
The Tennessee Lottery closed its Nashville headquarters office Monday, due to flooding conditions.
According to the lottery's Disaster Recover Plan, when the lottery is unable to draw its own numbers, it will substitute other states' winning numbers as its own.
For Monday, May 3, the Lottery used the numbers drawn by other lotteries on the following schedule:
Midday drawings for Cash 3 and Cash 4 used the numbers drawn for those same games by the Kentucky Lottery. Evening drawings for ...
May 4, 2010, 8:00 am - Lottery News forum
Senator says Tenn. lottery scholarship fund in trouble
Tennessee Senate Minority Leader Jim Kyle, D-Memphis, is urging lawmakers to deal with the state's insolvent lottery-funded college scholarship fund.
Sen. Kyle's comment came after a Senate panel refused to adopt his plan to plug a $13 million program shortfall.
This is the first step to reducing scholarships and denying accessibility for thousands of Tennessee students who depend on the lottery scholarship as their sole opportunity to attend college, Sen. Kyle said in a news release Thur ...
Apr 9, 2010, 9:18 am - Lottery News forum
New games send lottery sales soaring
Tennessee lottery officials say sales are surging because of two new games: Mega Millions and Millionaire Jumbo Bucks.
Ticket sales last week were the third highest, $30.8 million, since the lottery began more than six years ago.
Mega Millions is the state's second mega-jackpot game. Millionaire Jumbo Bucks is an instant-ticket game with top prizes of $1 million.
After five days of sales, Millionaire Jumbo Bucks players had won more than $3.5 million in prizes.
Last week's sales were ...
Feb 12, 2010, 8:19 am - Lottery News forum
Tenn. lottery scholarships outstrip revenue; day of reckoning looms
A day of reckoning is coming for students and parents over Tennessee's lottery scholarships that could result in tightened eligibility, reduced scholarship awards or both.
After more than five years of steadily expanded eligibility and grant amounts, the annual cost of the program is outstripping the net revenue produced by the lottery.
If no action is taken, that funding gap is now expected to overtake the lottery reserves some $385 million built up in the lottery's booming early years an ...
Dec 21, 2009, 9:54 am - Lottery News forum
Computerized lottery drawings not problem-free
MUSL director Strutt says Small group of players don't like them
Passailaigue says players superstitious, spooked by changes in draw format
Arkansas lottery officials say their decision to use a computer to generate winning numbers when lottery games start this fall makes economic sense, but the use of computerized drawings by lotteries in other states has not been free of problems.
In July 2007, the Tennessee Education Lottery moved to save costs by doing away with its televised drawi ...
Aug 10, 2009, 9:22 am - Lottery News forum
Titans, Tenn. Lottery team up for new instant game
Count the Titans among the NFL teams partnering with state lotteries.
The Titans and the Tennessee Lottery will announce their partnership today. The deal gives lottery players an opportunity to win prizes including season tickets, cash up to $100,000 and team memorabilia.
The NFL began allowing its teams to partner with state lotteries in May.
The Titans logo will be featured on the instant scratch-off tickets. The blue and red instant ticket, which features 15 Titan helmets, offers a ...
Jul 31, 2009, 11:51 am - Lottery News forum
Tenn. Lottery's Hargrove named chair of the Powerball Group
Rebecca Hargrove, president and CEO of the Tennessee Education Lottery, earlier this month was named Chair of the Powerball Group of the Multi-State Lottery Association.
In the position announced July 10, Hargrove will oversee the management and marketing of the brand, its budget, its rules and new membership.
A 24-year lottery industry veteran, Hargrove has served as the chief executive of four U.S. lotteries and was hired in 2003 to launch Tennessee's lottery.
The Multi-State Lottery ...
Jul 29, 2009, 12:16 pm - Lottery News forum