Glenn Youngkin
|
This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
|
This article is exclusively for our Locals Only members. Please Sign In or upgrade to become a Locals Only Member today!
Your support helps us continue delivering more in-depth community news that matters to you. Thank you.
This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
|
This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
|
This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
|
Governor Glenn Youngkin announced today that the Virginia Lottery’s fiscal year 2024 profits exceeded $934 million, the highest in its 36-year history. All profits from the Lottery go towards supporting K-12 public education in the Commonwealth.
Since 1999, Virginia Lottery profits have generated over $12 billion for Virginia’s K-12 public schools. 10% of the Virginia K-12 education budget comes from the Lottery. The record profits in FY24 were driven by over $5.5 billion in sales, the highest ever. Tickets were purchased at over 5,300 businesses and online, and retailers earned $142 million in commissions and bonuses. Of that $5.5 billion, players received $4.2 billion in prizes, with 77 cents returned for every dollar spent. The Lottery also recorded a low administrative cost rate of 3.8%, which will be finalized after a standard audit by the Auditor of Public Accounts.