Tags: Government Agency.
The Virginia Lottery is an independent agency of the Commonwealth of Virginia. It was created in 1987 when Virginians voted in favor of a state lottery. The first ticket was sold on September 20 1988. All profits from Virginia Lottery ticket sales go to K-12 public education. In Fiscal Year 2013 the Lottery’s profits totaled $486.5 million which accounted for approximately 8 percent of school funding in Virginia.