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Education costs outpace lottery profits

Source: wmctv.com Posted By: Hinton B...3470 days ago

For the first time, spending on scholarships and the state's pre-K program outpaced profits raised through the Tennessee Education Lottery.

Kym Gerlock, the lottery's spokeswoman, told the Chattanooga Times Free Press that this is the first time in the lottery's five years of existence that it is not projecting growth.

Officials plan to dip into lottery reserve funds - using about $10 million - to pay for the HOPE scholarships already promised for this year.

The lottery has traditionally....

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