Tennessee Lottery yields $64M for scholarships

Lottery Post — Fri, 16 Apr 2004 13:26:39 GMT

Tennessee Lottery officials gave the state nearly $64 million Thursday to fund college scholarships.The transfer of $63,774,000 from the Tennessee Education Lottery Corp. to the bank account for scholarships represents the profits since the first scratchoff tickets were sold Jan. 20. It's the most exciting day in our history, lottery CEO Rebecca Paul told members of the Tennessee State Funding Board. The money comes from profits on $231.6 million in sales through March 31.She said the lottery e... [ More ]