More than $5.5 billion was spent on the Virginia Lottery last year, and the biggest winner is K-12 public education. Ticket sales in the fiscal year ending June 30 were the highest in the lottery’s 36-year history.
As a result, more than $934 million in profits will go to public education in the Commonwealth. Approximately 10 percent of Virginia’s K-12 education budget comes from Virginia Lottery profits.
“I am so thrilled these record profits will help provide the necessary support and resources for Virginia’s students,” said Gov. Glenn Youngkin.
The lottery also saw a record low rate for administrative costs, operating at an efficient 3.8 percent of sales, according to the governor’s office.
Lottery Executive Director Khalid Jones said the record profits are a byproduct of employee’s dedication to the mission.
“We are pleased that the lottery was able to deliver for the Commonwealth once again, and in an even bigger way than ever before,” said Jones.
Of the $5.5 billion in lottery sales for the year, $4.2 billion went back to players as prizes.
In the previous fiscal year, $867 million was distributed to public schools from lottery proceeds.
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Crystal Graham
