Bank gets lottery business

Lottery Post — Tue, 09 Dec 2003 09:49:56 GMT

Lottery officials Monday officially named First Tennessee to handle millions in banking services for the upstart game.The bank was the lowest bidder at $51,000 over three years. Additionally, First Tennessee also scored the highest in different categories such as geographic coverage and service considerations, say officials.Services provided under the contract will include basic banking and weekly electronic sweeps of tickets sales from retailers.Tennessee Education Lottery Corporation (TEL) CEO... [ More ]