7/11/2018 5:30:00 PM Virginia Lottery Enjoys
Record Year For Sales
RICHMOND — The Virginia Lottery completed its best year ever, with record sales of $2.14 billion and profits topping $600 million for the first time.
Virginia’s Constitution requires that all Virginia Lottery profits be deposited in the Lottery Proceeds Fund, from which the General Assembly makes appropriations in support of K-12 public education programs.
The previous record, set in Fiscal Year 2016, was $588 million. The numbers are unaudited figures. The final, audited results will be released in August.
“Today’s news is a big win for public education in Virginia, particularly for the students and educators across our commonwealth who benefit from this funding,” said Gov. Ralph Nort-ham. “Not only is the lottery generating record profits, but the General Assembly has raised the Lottery per pupil allocation, giving school districts throughout Virginia more flexibility to use lottery funds to meet their local needs.
Lottery players shared in the year’s success through a record $1.3 billion in prizes. A total of 48 tickets won prizes of at least $1 million in Virginia.
The lottery partners with about 5,200 retailers across Virginia to sell tickets.
The lottery celebrates its 30th birthday in 2018. The first ticket was sold on Sept. 20, 1988.