Richmond, Va. (Newsradiowrva.com) - Governor Glenn Youngkin announced Wednesday that the Virginia Lottery’s fiscal year 2024 profits were the highest in the lottery’s 36-year history, totaling more than $934 million to support K-12 public education in the Commonwealth. Lottery sales for the year were over $5.5 billion.
“It’s a win for K-12 education,” Youngkin said. “It’s a win for Virginia’s families and Virginia’s kids. It’s a win for Virginia.”
Youngkin said the funds go toward retaining teachers and improving technology and student outcomes across the state.
“Over the course of my administration, we have been able to achieve record funding for K-12 education, allowing for increased opportunities in the classroom,” Youngkin said. “I am so thrilled these record profits will help provide the necessary support and resources for Virginia’s students,” the governor said, noting that about 10% of the state’s k-12 education budget stems from Virginia Lottery profits.
The announcement of the lottery’s record-breaking sales comes after some convenience stores shut down Virginia Lottery sales briefly earlier this year in protest of the ban on skill games. Skill games are still illegal in Virginia following a campaign to lift the ban.
