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Mega Millions ticket proceeds in Virginia generate $30.2 million for public education

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RICHMOND, Va. (WWBT) – Although the $1.28 billion Mega Million jackpot was claimed in Illinois, the joy continues to be being felt right here in Virginia.

From the 29 drawings of the jackpot run that started in April and ended with Friday evening’s drawing, gross sales of Mega Million tickets throughout the state generated an estimated $30.2 million.

Virginia Lottery spokesperson John Haggerty says the cash goes to public faculties throughout the commonwealth by regulation.

“The profit from every Virginia lottery ticket sold, whether it’s a Mega Millions ticket or any other game, the profit from that goes to K-12 education in Virginia,” mentioned Haggerty.

In 1989, lottery proceeds have been devoted to capital-construction initiatives.

From 1990 to 1998, lottery earnings have been transferred to the state’s General Fund.

In 1999, a state finances modification despatched lottery proceeds to native public faculty divisions for use solely for academic functions.

Then in 2000, 80% of Virginia voters mentioned sure to the creation of the State Lottery Proceeds Fund, which is now a everlasting a part of Virginia’s Constitution.

“Every school district benefits, to a certain degree, from lottery funds,” Haggerty mentioned. “Every school district receives some lottery funds, but it’s not the same from one to the next. In general, the larger school districts, the school districts that have more students get more profits.”

Haggerty says the Department of Education will announce how a lot funding native faculties will obtain by late August or early September.

Last yr, clients generated greater than $765 million in funding for public education.

Chesterfield Public Schools have been awarded $30 million, Henrico County Public Schools took residence $28 million, and Richmond Public Schools obtained $22 million. You can discover how a lot every faculty was awarded right here.

Haggerty says every faculty’s cash is round 10% of the college’s state finances.

“It’s a tough time for schools, and that’s why it’s a great thing for us here at Virginia Lottery, all of us who work here, take great pride in the fact that what we’re doing benefits K-12 education,” Haggerty mentioned.

Copyright 2022 WWBT. All rights reserved.

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