The Tennessee Education Lottery Corporation announced Tuesday it raised $113,820,000 for education in the Volunteer State during the third quarter of Fiscal Year 2024 (FY24), which spanned from January 1 through March 31.
“The Lottery is proud to announce this quarter’s results, which reinforce our commitment to funding vital education programs for Tennesseans,” Tennessee Education Lottery President and CEO Rebecca Paul said in a statement.
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The Tennessee Education Lottery is celebrating its 20th anniversary this weekend as the Lottery’s first ticket sale took place on January 20, 2004.
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The Tennessee Education Lottery Corporation recently announced it raised $515,397,000 for education in the Volunteer State during Fiscal Year 2023 (FY23), setting a new Fiscal Year record for the amount generated for education.
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Tennessee House Speaker Cameron Sexton (R-Crossville) on Monday endorsed Rebecca Paul Hargrove’s tenure as Tennessee Education Lottery (TEL) president. This, on the same day members of the Tennessee General Assembly sent a bill to Gov. Bill Lee’s office that proposes to grant more powers over sports wagering to an entity other than the TEL Board of Directors. Instead, legislators want to give those powers to the Tennessee Lottery Corporation’s Sports Wagering Advisory Council.
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Tennessee Education Lottery (TEL) Board Chair Susan Lanigan resigned her position this week. TEL spokesman Dave Smith told The Tennessee Star Thursday that Lanigan resigned “to spend more time with family.”
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Members of the Tennessee Education Lottery Association have formally asserted they are not investigating the online sports-betting website Action 24/7 and that the company’s internal controls meet state requirements. This, according to a letter that Tennessee Education Lottery (TEL) Executive Vice President and General Counsel Alonda W. McCutcheon distributed this week.
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Nashville Chancellor Patricia Moskal ruled Monday that members of the Tennessee Education Lottery (TEL) do “not have the unilateral right” to take punitive measures against the Tennessee-based Action 24/7 concerning a matter she’s already ruled upon. Action 24/7 officials operate an online sports-betting site based out of the Volunteer State.
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Members of the Tennessee Education Lottery (TEL) are still pursuing a case against Action 24/7, even though a Nashville judge last month restrained the regulatory agency from hurting the company’s revenue stream further. But TEL members are now maneuvering against the company in another way.
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The judge overseeing the case involving the Tennessee-based Action 24/7 has ruled that the Tennessee Education Lottery (TEL) must reinstate the company’s sports gaming operator license. Chancellor Patricia Moskal ruled that members of the TEL did not give Action 24/7 the proper due process and that continued suspension of the license threatens the businesses’ continued financial livelihood.
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Several members of the Tennessee Education Lottery (TEL) Corporation’s Board of Directors, while driving in their vehicles, decided to temporarily take away Action 24/7’s operating license.
Some board members were on spring break.
And TEL board members took this action while taking the word of an investigator who said the company didn’t follow through on the necessary security protocols.
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The judge overseeing the case involving the Tennessee-based Action 24/7 reportedly will work as quickly as she can to determine whether the Tennessee Education Lottery (TEL) should reinstate Action 24/7’s sports gaming operator license. This, because of the loss of revenue the company is experiencing during the National Collegiate Athletic Association’s “March Madness” basketball tournament, according to LegalSportsReport.com
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Officials with the Tennessee-based Action 24/7 on Monday filed a suit seeking a temporary injunction that would require members of the Tennessee Education Lottery to reinstate the company’s sports gaming operator license. TEL suspended Action 24/7’s license late last week due to an investigation.
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Sources say that someone with one of the sports betting industry’s most polished resumes resigned from her high-level position with the Tennessee Education Lottery late last week. That woman, Danielle Boyd, was the TEL’s vice president of Sports Gaming Operations. Boyd assumed that position in July 2020, according to her LinkedIn page.
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