Virginia Lottery Hits New Profit Record of $650M - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Virginia Lottery Hits New Profit Record of $650M

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RICHMOND, Va. (AP)- State officials say the Virginia Lottery brought in a record $650 million in profits in the last fiscal year.
 
Gov. Ralph Northam's office announced the figures for the fiscal year that ended June 30, saying in a press release Wednesday that sales reached over $2.29 billion.
 
Lottery profits are used to fund K-12 education programs.
 
The lottery, which operates on revenue from the sale of lottery products, not tax dollars, says operating expenses were around 5% of total sales.
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