RICHMOND, Va. (AP) — The Virginia Lottery says it raised more than $500 million during the last fiscal year for Virginia’s public schools.
The lottery says it increased its sales to more than $1.84 billion in fiscal year 2015. More than $1 billion in sales were generated from Scratcher tickets alone, setting a record.
The lottery says more than $12 million in unclaimed winnings were donated to state’s Literary Fund, which benefits education by assisting technology upgrades in schools and teacher retirement funding.
By law, every dollar of Lottery profits benefits K-12 education in Virginia. Lottery profits make up about 8 percent of Virginia’s K-12 education budget.