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Virginia Gaming Summary

Background

Virginia has a state lottery and charitable gaming.

Lottery

Development: When Virginians voted in 1987 for a state-operated lottery, many made the assumption that they voted on how to spend the Lottery’s proceeds. This was not the case. The lottery proceeds, which are approximately one-third of lottery sales, were to be used as determined by the General Assembly.

Beneficiaries: The use of the proceeds has changed over time. In 1989, lottery proceeds were dedicated to capital construction projects. From 1990 to 1998, the lottery proceeds were transferred to the state’s General Fund. Starting in 1999, a state budget amendment sent lottery proceeds to local public school divisions to be used solely for educational purposes. In the year 2000, more than 80% of Virginia voters said yes to the creation of the State Lottery Proceeds Fund. The measure, now a permanent part of Virginia's Constitution, directs all Virginia Lottery profits be used solely for educational purposes.

By law, all unclaimed Virginia Lottery prizes go to the Literary Fund. The Literary Fund is used solely for educational purposes, such as school construction, renovation, and teacher retirement funding.

The Lottery also participates in the Set-Off Debt Collection Act, in which prize payments are withheld to pay certain obligations that the prize winner owes. Examples of these obligations are state and federal taxes, child support and tuition from state universities or colleges.

For more information:

Virginia Lottery

 

Lottery Revenue Data (Fiscal Year)

 

Year
Total Sales
Prize Liabilities
Prize %
Net Revenue
Net %
1989
409,100,000
205,900,000
50.33%
140,500,000
34.34%
1990
474,800,000
252,400,000
53.16%
156,500,000
32.96%
1991
790,300,000
421,000,000
53.27%
294,500,000
37.26%
1992
846,600,000
454,300,000
53.66%
290,800,000
34.35%
1993
843,400,000
444,700,000
52.73%
297,000,000
35.21%
1994
875,500,000
465,600,000
53.18%
303,500,000
34.67%
1995
902,500,000
487,300,000
53.99%
311,600,000
34.53%
1996
924,300,000
489,600,000
52.97%
332,600,000
35.98%
1997
920,800,000
475,500,000
51.64%
342,500,000
37.20%
1998
914,200,000
503,800,000
55.11%
318,900,000
34.88%
1999
934,500,000
506,900,000
54.24%
321,900,000
34.45%
2000
973,000,000
537,300,000
55.22%
323,500,000
33.25%
2001
1,002,000,000
557,300,000
55.62%
329,100,000
32.84%
2002
1,108,000,000
613,700,000
55.39%
367,700,000
33.19%
2003
1,135,000,000
638,100,000
56.22%
375,200,000
33.06%
2004
1,262,000,000
720,200,000
57.07%
408,100,000
32.34%
2005
1,333,000,000
774,600,000
58.11%
423,500,000
31.77%
2006
1,365,000,000
773,500,000
56.67%
454,900,000
33.33%
2007
1,362,000,000
791,700,000
58.13%
437,100,000
32.09%
2008
1,386,000,000
792,300,000
57.16%
455,300,000
32.85%
2009
1,365,000,000
781,000,000
57.22%
439,100,000
32.17%
2010
1,435,000,000
852,700,000
59.42%
430,200,000
29.98%
2011
1,482,000,000
881,000,000
59.45%
444,200,000
29.97%
2012
1,616,000,000
962,300,000
59.55%
487,100,000
30.14%
2013
1,689,000,000
1.025,000,000
60.69%
486,500,000
28.80%

Powered by GamblingCompliance.com. For current information, visit GamblingData.com.

Total sales reflects all money wagered on the lottery in the fiscal year in question. Prize liability is the total amount of prize money paid back to winners. Net Revenue (before operating expenses) is the total revenue minus vendor and retailer commissions and prize payouts. Prize and net revenue percentages are taken from the total revenues.

Virginia Gaming Timeline

1987: Voters approve a state lottery

1988: Lottery tickets go on sale

1989: Lottery proceeds dedicated to capital construction projects

1999: Lottery proceeds dedicated to educational purposes


This project was made possible by a grant from the UNLV Libaries Advisory Board. For information about how to contribute to UNLV Center for Gaming Research and Special Collections development efforts, go here.


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Last modified Tuesday, 05-Nov-2013 11:17:31 PST