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Lottery gives $331 million to Virginia.
Buying a Virginia Lottery ticket is more than just taking a chance at winning a prize. It's also an investment in Virginia. Since the Virginia Lottery began in 1988, the Lottery has given more than $2 Billion to the state.
Lottery dollars are making an impact in Virginia. On June 30th, the Virginia Lottery made its largest payment ever —- $331 million, which was $17 million greater than the Lottery’s goal of $314 million. This money is used for important priorities such as funding needs for public schools, grades K -12.
In addition to revenues for the General Fund, this year the Lottery collected nearly $1 million in debts owed to the Commonwealth from prize winners. These debts include unpaid taxes, child support, and tuition payments. Since 1988, more than $4.5 million has been turned over to the Debt Set-Off fund by the Lottery.
There’s another way that the Lottery is helping to build a better Commonwealth. As state law requires, unclaimed lottery prizes go to Virginia’s Literary Fund. The Literary Fund is used to assist localities in building schools, to bring computers to classrooms and to fund teacher retirements. The Lottery contributed more than $8 million to the Literary Fund in Fiscal Year 1996; nearly $40 million has been contributed to this Fund by the Lottery since 1988.
Each time you purchase a lottery ticket, remember that you are helping to build a stronger future for Virginia.
Thank you Virginia for supporting the Virginia Lottery.
Visit the Virginia Lottery's Home Page: http://www valottery.com
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