Virginia Lottery Expect Record Year

12 Apr 2005

RICHMOND, Virginia – (PRESS RELEASE) -- The books are not yet closed for fiscal year 2005, but Virginia Lottery officials are already announcing that it will be another billion-dollar year. Executive Director Penelope W. Kyle today announced that Lottery sales passed the $1 billion mark for the fiscal year on Wednesday, April 6. That makes FY2005 the fifth consecutive year that Virginia is a member of the "billion dollar club."

Not only that, but the third quarter of the fiscal year was another record-setter for the Lottery. With sales of $343.5 million for January through March, it became the best third quarter in the Virginia Lottery's history.

"We are working hard to turn over the most revenue possible for the Lottery's beneficiary: Virginia's public schools, K-12," said Kyle. "That is what all these records are really about."

The Lottery set sales records in the first and second quarters of the fiscal year, along with a record for the strongest calendar year sales in its history for 2004. The record sales for the third quarter were spurred by very strong sales of Scratcher games, as well as the Pick 3 and Pick 4 games.

"The Pick 3 game's record sales come at a great time for players, because they have won much more than we expected," said Kyle. "Pick 3 players won nearly $42 million during the quarter. That is $8.3 million more than anticipated."

All Virginia Lottery profits go to K-12 public school education in the Commonwealth. In fiscal year 2004, the Lottery turned over more than $408 million for education.

Language Support: Your Location: > edit your preferences Home Online Slots Online Casinos Online Poker Online Bingo Backgammon Mahjong & Rummy Skill Games Lotteries Sportsbooks Betting Exchanges Spread Betting Binary Options Live Dealers Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Virginia Lottery Expect Record Year 12 Apr 2005 <a href='http://as1.casinocity.com/adclick.php?n=a21efcd1'><img src='http://as1.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt=''></a> RICHMOND, Virginia – (PRESS RELEASE) -- The books are not yet closed for fiscal year 2005, but Virginia Lottery officials are already announcing that it will be another billion-dollar year. Executive Director Penelope W. Kyle today announced that Lottery sales passed the $1 billion mark for the fiscal year on Wednesday, April 6. That makes FY2005 the fifth consecutive year that Virginia is a member of the "billion dollar club." Not only that, but the third quarter of the fiscal year was another record-setter for the Lottery. With sales of $343.5 million for January through March, it became the best third quarter in the Virginia Lottery's history. "We are working hard to turn over the most revenue possible for the Lottery's beneficiary: Virginia's public schools, K-12," said Kyle. "That is what all these records are really about." The Lottery set sales records in the first and second quarters of the fiscal year, along with a record for the strongest calendar year sales in its history for 2004. The record sales for the third quarter were spurred by very strong sales of Scratcher games, as well as the Pick 3 and Pick 4 games. "The Pick 3 game's record sales come at a great time for players, because they have won much more than we expected," said Kyle. "Pick 3 players won nearly $42 million during the quarter. That is $8.3 million more than anticipated." All Virginia Lottery profits go to K-12 public school education in the Commonwealth. In fiscal year 2004, the Lottery turned over more than $408 million for education.