Welcome Guest
Log In | Register )
You last visited December 4, 2016, 3:06 am
All times shown are
Eastern Time (GMT-5:00)

Virginia Lottery sales top $1 billion for fifth straight year

Virginia LotteryVirginia Lottery: Virginia Lottery sales top $1 billion for fifth straight year

Virginia Lottery sales have increased even as competition looms in neighboring states, lottery officials announced Tuesday.

Lottery sales surpassed the $1 billion mark on April 6, compared to April 20 last year, said Virginia Lottery Executive Director Penelope Kyle. Lottery sales stood at $1.02 billion Monday, she said.

Lottery officials forecast sales to top out at $1.35 billion by the end of the fiscal year, in June.

Kyle attributed the upward trend to brisk sales of scratch-off tickets and big jackpots that lure players from other states. Tuesday's current estimated jackpot for the Mega Millions was $120 million.

For thousands of teachers and students statewide, the increased sales signal a financial boost.

Lottery officials typically turn over about 32 percent of annual revenue to Virginia public schools. Last July, lottery officials gave $408 million, their largest amount ever.

"Now that we are beyond a billion (dollars) in sales, we are exceeding $400 million in what we give to public schools," Kyle said. And she said while projections aren't available, "We certainly hope we will exceed $408 million" given to education.

But Virginia's lottery soon could get even more competition.

North Carolina legislators are working to approve a state lottery. They've been the last lottery holdout among neighboring states.

Still, she said the state's fledgling lottery would have to start out small and could hardly compete with the 17-year-old Virginia lottery with its 70-plus scratch-off games.

"Every lottery around us is a competition," Kyle said. "If North Carolina adopts a lottery, we'll just compete with them, too."

AP

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

8 comments. Last comment 12 years ago by LOTTOMIKE.
Page 1 of 1

United States
Member #379
June 5, 2002
11296 Posts
Offline
Posted: April 15, 2005, 9:41 am - IP Logged

Virginia knows how to run a lottery; NY doesn't.

    LOTTOMIKE's avatar - cash money.jpg
    Tennessee
    United States
    Member #7853
    October 15, 2004
    11338 Posts
    Offline
    Posted: April 23, 2005, 4:24 am - IP Logged

    virginia is my favorite lottery.....

      LOTTOMIKE's avatar - cash money.jpg
      Tennessee
      United States
      Member #7853
      October 15, 2004
      11338 Posts
      Offline
      Posted: April 29, 2005, 7:33 am - IP Logged
      Quote: Originally posted by CASH Only on April 15, 2005


      Virginia knows how to run a lottery; NY doesn't.



      i agree....

        United States
        Member #379
        June 5, 2002
        11296 Posts
        Offline
        Posted: April 29, 2005, 3:59 pm - IP Logged

        Tennessee seems to be off to a good start.

          LOTTOMIKE's avatar - cash money.jpg
          Tennessee
          United States
          Member #7853
          October 15, 2004
          11338 Posts
          Offline
          Posted: April 30, 2005, 6:50 am - IP Logged

          yep tennessee is doing great.....

            LOTTOMIKE's avatar - cash money.jpg
            Tennessee
            United States
            Member #7853
            October 15, 2004
            11338 Posts
            Offline
            Posted: April 30, 2005, 6:51 am - IP Logged

            as long as tennessee doesn't go computerized they'll be great.


              United States
              Member #379
              June 5, 2002
              11296 Posts
              Offline
              Posted: May 5, 2005, 9:22 pm - IP Logged



                LOTTOMIKE's avatar - cash money.jpg
                Tennessee
                United States
                Member #7853
                October 15, 2004
                11338 Posts
                Offline
                Posted: May 14, 2005, 4:14 am - IP Logged

                virginia has a new lottery director also,hope things stay the same.....