Tennessee Lottery surpasses $2bn in annual revenue for first time

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The fiscal year began with the Lottery’s best ever Q1, from July 1 to September 30, which saw the operator transfer $114.0m to the Lottery for Education Account after bringing in $498.2m in revenue, up 16.8% year-on-year.

The operator went on to break records throughout the fiscal year, including unprecedented Q2 sales of $399.5m in instant games, growth of more than 17% and 20% respectively on its “Cash 3” and “Cash 4” draw-style games, and record weekly instant games sales of $47.1m for the week ending April 10.

“This has been quite the year in many ways, but our mission remains the same: to raise funds for the designated education programs we fund,” said the Lottery’s president and chief executive, Rebecca Paul Hargrove.

Read the full story on iGB North America.

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