Best Second Quarter in Lottery's History Is Good News for K-12 Public Schools
The Virginia Lottery reached two major milestones as the second quarter of fiscal year 2005 came to a close.
Executive Director Penelope W. Kyle today announced the best second quarter in the Virginia Lottery's history as nearly $330 million in sales were reported from October through December 2004.
Kyle also announced that the Virginia Lottery has passed the $15 billion mark in total sales since the Lottery began in September 1988.
"Records continue to be broken at the Virginia Lottery," said Kyle. "Every sales milestone achieved means more money raised for Virginia's K-12 public schools."
The record sales figure for the second quarter continues a hot streak for the Virginia Lottery. First quarter ticket sales for fiscal year 2005 also set a record. Not only that, but the just-ended 2004 calendar year was the best ever in the Virginia Lottery's 16 year history, with sales of $1.305 billion. That is more than a 10 percent increase over the previous calendar year.
"With such strong sales for the first half of the fiscal year, the Lottery is in an excellent position to break last fiscal year's record turnover of $408 million for Virginia's public schools," said Kyle. "Raising money for public education is the reason behind every ticket we sell."
For the second half of the fiscal year, the Lottery plans to keep the hot streak alive with new and exciting scratch games such as World Series of Poker $100,000 Texas Hold 'Em, available at retailers February 28.
All profits from the Virginia Lottery go to K-12 public school education in the Commonwealth.