As impressive as it may seem, the Tennessee Lottery is raking in big bucks in the midst of recession.  It has reported profit records of almost $1.2 billion in the latest fiscal year. State lottery

Although they are not the only ones to produce new records in profits since other 17 states are also reporting such a phenomenon.  The Tennessee Lottery is growing faster than the others with a lottery growth of 63 percent margin more than the others. Lottery winning numbers

With these flying figures one thing will be certain, there will be more presence of lottery with more games to attract players and to be offered in many more places and even more attractive prizes.

To do this there will be a couple of changes that could be implemented such as persuading the big chain stores such as Walmart and Target to sell lottery, allowing players to buy tickets with debit and credit cards instead of only cash, adding new games and options online and potentially even introducing new slot-style video gambling machines at convenience stores.

According to Tennessee lottery CEO Rebecca Hargrove, “The entire industry is looking for ways to crack what we would call the big-box store. That’s where we believe the big growth will come. But we are doing a whole range of things that combined have allowed us to move beyond industry growth, and we’ll continue to do that.”

To boost the lottery sales is actually a trend that other states are pursuing.  According to David G. Schwartz, director of the center for gaming research at the University of Nevada, Las Vegas, In the economic climate today, nobody wants to raise taxes and people don’t really want to cut revenues, so if running a deficit, it’s easy to turn your thoughts to increasing lottery revenues”.

And this is exactly what Tennessee Lottery is doing, in spite of its huge success and amazing revenue, it is still $22 million short in the scholarship money that the lottery is meant to fund.  It is not the lottery’s fault, rather it is because the lawmakers have expanded the categories of students eligible for the $4,000 scholarships which stretches the original budget to pay for more types of scholarships than it was intended originally. The state senators have suggested that the lottery can boost ticket sales in order to close the gap instead of cutting the scholarships. Lottery checker