Lottery Essay

899 Words Apr 30th, 2012 4 Pages
TENNESSEE EDUCATION LOTTERY

On Nov. 5, 2002 Tennessee voters approved a statewide referendum to permit a lottery. April and May of 2003 The Senate and House passed legislation authorizing the Tennessee Education Lottery Corporation to operate games and generate funds for specific education programs in the state. July 1, 2003 Governor Phil Bredesen appointed a 7-member Board of Directors to govern the Corporation. Sept. 22, 2003 Rebecca Paul (now Rebecca Hargrove) was hired as the Corporation’s first President and CEO. Jan. 20, 2004 The Tennessee Lottery began selling tickets. First-day ticket sales, which began three weeks earlier than expected, totaled $10.8 million. Tennessee Lottery ticket sales are now more
…show more content…
What would a Lottery be without great games and prizes? The Tennessee Education Lottery introduced a variety of fresh, fun games during 2009–2010, which increased gross ticket sales to a record-high of $1.138 billion. The “mega-est” news of the year was the history-making agreement between U.S. lotteries to allow states the option of offering both of the country’s mega-jackpot games: “Powerball” and “Mega Millions.” Since a large percentage of Tennessee Lottery players had proven to be fans of large jackpots, the TEL jumped at the chance to increase sales and revenues for education. The TEL’s Board of Directors unanimously approved adding the game at its November 2009 meeting, and the TEL launched “Mega Millions” on Jan. 31, 2010. During this time Lottery President and CEO Rebecca Hargrove served as Chair of the Powerball Group and as a key leader in coordinating the nationwide launch. Instant ticket (scratch-off) games remained extremely popular, and the TEL introduced 38 new games from which to choose. Sales for these games increased $48.9 million (5.8 percent) over the previous fiscal year and accounted for 78 percent of overall ticket sales. In fact, the launch of “Millionaire Jumbo Bucks,” a $20 instant ticket with a top prize of $1 million, combined with the launch of “Mega Millions,” helped boost sales the week of Jan. 30 through Feb. 6, 2010 to more than $30.8 million, the

Related Documents