{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-4022.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-4022.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-4022.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-4022.html"}],"law_id":84585,"edition_id":1,"section_id":84585,"structure_id":13969,"section_number":"58.1-4022","catch_line":"Virginia Lottery Fund","history":"1987, c. 531; 1989, c. 478; 1995, cc. 831, 852; 2002, cc. 829, 866; 2014, c. 225.","full_text":"A\n\nAll moneys received from the sale of lottery tickets or shares, less payment for prizes and compensation of agents as authorized by regulation and any other revenues received under this chapter, shall be placed in a special fund known as the &#8220;Virginia Lottery Fund.&#8221; Notwithstanding any other provisions of law, interest earned from moneys in the Virginia Lottery Fund shall accrue to the benefit of such Fund.B\n\nThe total costs for the operation and administration of the lottery shall be funded from the Virginia Lottery Fund and shall be in such amount as provided in the general appropriation act. Appropriations to the Department during any fiscal year beginning on and after July 1, 1989, exclusive of agent compensation, shall at no time exceed 10 percent of the total annual estimated gross revenues to be generated from lottery sales. However, should it be anticipated at any time by the Director that such operational and administrative costs for a fiscal year will exceed the limitation provided herein, the Director shall immediately report such information to the Board, the Governor and the Chairmen of the Senate Committee on Finance and Appropriations and the House Committee on Appropriations. From the moneys in the Fund, the Comptroller shall establish a special reserve fund in such amount as shall be provided by regulation of the Department for (i) operation of the lottery, (ii) use if the game&#8217;s pay-out liabilities exceed its cash on hand, or (iii) enhancement of the prize pool with income derived from lending securities held for payment of prize installments, which lending of securities shall be conducted in accordance with lending programs approved by the Department of the Treasury.C\n\nThe Comptroller shall transfer to the Lottery Proceeds Fund established pursuant to &#xA7; 58.1-4022.1, less the special reserve fund, the audited balances of the Virginia Lottery Fund at the close of each fiscal year. The transfer for each year shall be made in two parts: (i) on or before June 30, the Comptroller shall transfer balances of the Virginia Lottery Fund for the fiscal year, based on an estimate determined by the Virginia Lottery, and (ii) no later than 10 days after receipt of the annual audit report required by &#xA7; 58.1-4023, the Comptroller shall transfer to the Lottery Proceeds Fund the remaining audited balances of the Virginia Lottery Fund for the fiscal year. If such annual audit discloses that the actual revenue is less than the estimate on which the transfer was based, the State Comptroller shall transfer the difference between the actual revenue and the estimate from the Lottery Proceeds Fund to the Virginia Lottery Fund.D\n\nIn addition to such other funds as may be appropriated, 100 percent of the lottery revenues transferred to the Lottery Proceeds Fund shall be appropriated entirely and solely for the purpose of public education in the Commonwealth unless otherwise redirected pursuant to Article X, Section 7-A of the Constitution of Virginia. The additional appropriation of lottery revenues to local school divisions for public education purposes consistent with this provision shall be used for operating, capital outlay, or debt service expenses, as determined by the appropriation act. The additional appropriation of lottery revenues shall not be used by any local school division to reduce its total local expenditures for public education in accordance with the provisions of the general appropriation act.E\n\nAs a function of the administration of this chapter, funds may be expended for the purposes of reasonably informing the public concerning (i) the facts embraced in the subjects contained in subdivisions A 1 through 7 of &#xA7; 58.1-4007 and (ii) the fact that the net proceeds are paid into the Lottery Proceeds Fund of the Commonwealth, but no funds shall be expended for the primary purpose of inducing persons to participate in the lottery.","order_by":null,"text":{"0":{"id":303129,"text":"All moneys received from the sale of lottery tickets or shares, less payment for prizes and compensation of agents as authorized by regulation and any other revenues received under this chapter, shall be placed in a special fund known as the &#8220;Virginia Lottery Fund.&#8221; Notwithstanding any other provisions of law, interest earned from moneys in the Virginia Lottery Fund shall accrue to the benefit of such Fund.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":303130,"text":"The total costs for the operation and administration of the lottery shall be funded from the Virginia Lottery Fund and shall be in such amount as provided in the general appropriation act. Appropriations to the Department during any fiscal year beginning on and after July 1, 1989, exclusive of agent compensation, shall at no time exceed 10 percent of the total annual estimated gross revenues to be generated from lottery sales. However, should it be anticipated at any time by the Director that such operational and administrative costs for a fiscal year will exceed the limitation provided herein, the Director shall immediately report such information to the Board, the Governor and the Chairmen of the Senate Committee on Finance and Appropriations and the House Committee on Appropriations. From the moneys in the Fund, the Comptroller shall establish a special reserve fund in such amount as shall be provided by regulation of the Department for (i) operation of the lottery, (ii) use if the game&#8217;s pay-out liabilities exceed its cash on hand, or (iii) enhancement of the prize pool with income derived from lending securities held for payment of prize installments, which lending of securities shall be conducted in accordance with lending programs approved by the Department of the Treasury.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":303131,"text":"The Comptroller shall transfer to the Lottery Proceeds Fund established pursuant to &#xA7; 58.1-4022.1, less the special reserve fund, the audited balances of the Virginia Lottery Fund at the close of each fiscal year. The transfer for each year shall be made in two parts: (i) on or before June 30, the Comptroller shall transfer balances of the Virginia Lottery Fund for the fiscal year, based on an estimate determined by the Virginia Lottery, and (ii) no later than 10 days after receipt of the annual audit report required by &#xA7; 58.1-4023, the Comptroller shall transfer to the Lottery Proceeds Fund the remaining audited balances of the Virginia Lottery Fund for the fiscal year. If such annual audit discloses that the actual revenue is less than the estimate on which the transfer was based, the State Comptroller shall transfer the difference between the actual revenue and the estimate from the Lottery Proceeds Fund to the Virginia Lottery Fund.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":303132,"text":"In addition to such other funds as may be appropriated, 100 percent of the lottery revenues transferred to the Lottery Proceeds Fund shall be appropriated entirely and solely for the purpose of public education in the Commonwealth unless otherwise redirected pursuant to Article X, Section 7-A of the Constitution of Virginia. The additional appropriation of lottery revenues to local school divisions for public education purposes consistent with this provision shall be used for operating, capital outlay, or debt service expenses, as determined by the appropriation act. The additional appropriation of lottery revenues shall not be used by any local school division to reduce its total local expenditures for public education in accordance with the provisions of the general appropriation act.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":303133,"text":"As a function of the administration of this chapter, funds may be expended for the purposes of reasonably informing the public concerning (i) the facts embraced in the subjects contained in subdivisions A 1 through 7 of &#xA7; 58.1-4007 and (ii) the fact that the net proceeds are paid into the Lottery Proceeds Fund of the Commonwealth, but no funds shall be expended for the primary purpose of inducing persons to participate in the lottery.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":13969,"edition_id":1,"name":"Powers and Duties of Virginia Lottery Board; Administration of Tickets and Prizes","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":13968,"metadata":{},"date_created":"2026-06-26 03:46:27","date_modified":"2026-06-26 03:46:27","permalink":{"id":259077,"object_type":"structure","relational_id":13969,"identifier":"1","token":"58.1\/IV\/40\/1","url":"\/58.1\/IV\/40\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13968,"edition_id":1,"name":"Virginia Lottery Law; Sports Betting","identifier":"40","label":"chapter","depth":3,"order_by":1,"parent_id":13501,"metadata":{},"date_created":"2026-06-26 03:46:27","date_modified":"2026-06-26 03:46:27","permalink":{"id":259075,"object_type":"structure","relational_id":13968,"identifier":"40","token":"58.1\/IV\/40","url":"\/58.1\/IV\/40\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13501,"edition_id":1,"name":"Other Sources of State Revenue","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:45:05","date_modified":"2026-06-26 03:45:05","permalink":{"id":259073,"object_type":"structure","relational_id":13501,"identifier":"IV","token":"58.1\/IV","url":"\/58.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":56298,"structure_id":13969,"section_number":"58.1-4000","catch_line":"Short title","url":"\/58.1-4000\/","token":"58.1\/IV\/40\/1\/58.1-4000","metadata":false},{"id":66405,"structure_id":13969,"section_number":"58.1-4001","catch_line":"Establishment of state lottery","url":"\/58.1-4001\/","token":"58.1\/IV\/40\/1\/58.1-4001","metadata":false},{"id":70493,"structure_id":13969,"section_number":"58.1-4002","catch_line":"Definitions","url":"\/58.1-4002\/","token":"58.1\/IV\/40\/1\/58.1-4002","metadata":false},{"id":78216,"structure_id":13969,"section_number":"58.1-4003","catch_line":"Virginia Lottery established","url":"\/58.1-4003\/","token":"58.1\/IV\/40\/1\/58.1-4003","metadata":false},{"id":59963,"structure_id":13969,"section_number":"58.1-4004","catch_line":"Membership of Board; appointment; terms; vacancies; removal; expenses","url":"\/58.1-4004\/","token":"58.1\/IV\/40\/1\/58.1-4004","metadata":false},{"id":55760,"structure_id":13969,"section_number":"58.1-4005","catch_line":"Appointment, qualifications and salary of Director","url":"\/58.1-4005\/","token":"58.1\/IV\/40\/1\/58.1-4005","metadata":false},{"id":75231,"structure_id":13969,"section_number":"58.1-4006","catch_line":"Powers of the Director","url":"\/58.1-4006\/","token":"58.1\/IV\/40\/1\/58.1-4006","metadata":false},{"id":77989,"structure_id":13969,"section_number":"58.1-4006.1","catch_line":"Use of the phrase \"Virginia is for Bettors\" prohibited; civil penalty","url":"\/58.1-4006.1\/","token":"58.1\/IV\/40\/1\/58.1-4006.1","metadata":false},{"id":74431,"structure_id":13969,"section_number":"58.1-4007","catch_line":"Powers of the Board","url":"\/58.1-4007\/","token":"58.1\/IV\/40\/1\/58.1-4007","metadata":false},{"id":86024,"structure_id":13969,"section_number":"58.1-4007.1","catch_line":"Lottery tickets to bear telephone number for compulsive gamblers","url":"\/58.1-4007.1\/","token":"58.1\/IV\/40\/1\/58.1-4007.1","metadata":false},{"id":62905,"structure_id":13969,"section_number":"58.1-4007.2","catch_line":"Repealed","url":"\/58.1-4007.2\/","token":"58.1\/IV\/40\/1\/58.1-4007.2","metadata":false},{"id":85895,"structure_id":13969,"section_number":"58.1-4007.3","catch_line":"Posting of illegal gaming tip line; problem gambling helpline","url":"\/58.1-4007.3\/","token":"58.1\/IV\/40\/1\/58.1-4007.3","metadata":false},{"id":60211,"structure_id":13969,"section_number":"58.1-4008","catch_line":"Employees of the Department; background investigations of employees","url":"\/58.1-4008\/","token":"58.1\/IV\/40\/1\/58.1-4008","metadata":false},{"id":86133,"structure_id":13969,"section_number":"58.1-4009","catch_line":"Licensing of lottery sales agents; penalty","url":"\/58.1-4009\/","token":"58.1\/IV\/40\/1\/58.1-4009","metadata":false},{"id":77230,"structure_id":13969,"section_number":"58.1-4010","catch_line":"Authority of persons licensed as lottery sales agents; annual fee","url":"\/58.1-4010\/","token":"58.1\/IV\/40\/1\/58.1-4010","metadata":false},{"id":64463,"structure_id":13969,"section_number":"58.1-4011","catch_line":"Meaning of \"gross receipts.\"","url":"\/58.1-4011\/","token":"58.1\/IV\/40\/1\/58.1-4011","metadata":false},{"id":83782,"structure_id":13969,"section_number":"58.1-4012","catch_line":"Suspension and revocation of licenses","url":"\/58.1-4012\/","token":"58.1\/IV\/40\/1\/58.1-4012","metadata":false},{"id":83088,"structure_id":13969,"section_number":"58.1-4013","catch_line":"Right to prize not assignable; exceptions","url":"\/58.1-4013\/","token":"58.1\/IV\/40\/1\/58.1-4013","metadata":false},{"id":55730,"structure_id":13969,"section_number":"58.1-4014","catch_line":"Price of tickets or shares; who may sell; penalty","url":"\/58.1-4014\/","token":"58.1\/IV\/40\/1\/58.1-4014","metadata":false},{"id":72082,"structure_id":13969,"section_number":"58.1-4014.1","catch_line":"Method of payment for purchase of tickets or shares","url":"\/58.1-4014.1\/","token":"58.1\/IV\/40\/1\/58.1-4014.1","metadata":false},{"id":72946,"structure_id":13969,"section_number":"58.1-4015","catch_line":"Sale of ticket or share to person under eighteen prohibited; penalty","url":"\/58.1-4015\/","token":"58.1\/IV\/40\/1\/58.1-4015","metadata":false},{"id":85845,"structure_id":13969,"section_number":"58.1-4015.1","catch_line":"Voluntary exclusion program","url":"\/58.1-4015.1\/","token":"58.1\/IV\/40\/1\/58.1-4015.1","metadata":false},{"id":78837,"structure_id":13969,"section_number":"58.1-4016","catch_line":"Gift to minor prohibited","url":"\/58.1-4016\/","token":"58.1\/IV\/40\/1\/58.1-4016","metadata":false},{"id":59245,"structure_id":13969,"section_number":"58.1-4017","catch_line":"Alteration and forgery; presentation of counterfeit or altered ticket or share; penalty","url":"\/58.1-4017\/","token":"58.1\/IV\/40\/1\/58.1-4017","metadata":false},{"id":57248,"structure_id":13969,"section_number":"58.1-4018","catch_line":"Prohibited actions; penalty","url":"\/58.1-4018\/","token":"58.1\/IV\/40\/1\/58.1-4018","metadata":false},{"id":56776,"structure_id":13969,"section_number":"58.1-4018.1","catch_line":"Larceny of tickets; fraudulent notification of prizes; penalty","url":"\/58.1-4018.1\/","token":"58.1\/IV\/40\/1\/58.1-4018.1","metadata":false},{"id":55029,"structure_id":13969,"section_number":"58.1-4018.2","catch_line":"Ticket discounting; civil penalties","url":"\/58.1-4018.2\/","token":"58.1\/IV\/40\/1\/58.1-4018.2","metadata":false},{"id":60303,"structure_id":13969,"section_number":"58.1-4019","catch_line":"Certain persons ineligible to purchase tickets or shares or receive prizes","url":"\/58.1-4019\/","token":"58.1\/IV\/40\/1\/58.1-4019","metadata":false},{"id":81045,"structure_id":13969,"section_number":"58.1-4019.1","catch_line":"License required for \"instant ticket\" games or contests","url":"\/58.1-4019.1\/","token":"58.1\/IV\/40\/1\/58.1-4019.1","metadata":false},{"id":75369,"structure_id":13969,"section_number":"58.1-4020","catch_line":"Unclaimed prizes","url":"\/58.1-4020\/","token":"58.1\/IV\/40\/1\/58.1-4020","metadata":false},{"id":62937,"structure_id":13969,"section_number":"58.1-4020.1","catch_line":"Voluntary assignment of lottery prizes or pledge as collateral for a loan; requirements for the assignees and lenders","url":"\/58.1-4020.1\/","token":"58.1\/IV\/40\/1\/58.1-4020.1","metadata":false},{"id":61896,"structure_id":13969,"section_number":"58.1-4021","catch_line":"Deposit of moneys received by agents; performance of functions, etc., in connection with operation of lottery; compensation of agents","url":"\/58.1-4021\/","token":"58.1\/IV\/40\/1\/58.1-4021","metadata":false},{"id":84585,"structure_id":13969,"section_number":"58.1-4022","catch_line":"Virginia Lottery Fund","url":"\/58.1-4022\/","token":"58.1\/IV\/40\/1\/58.1-4022","metadata":false},{"id":77736,"structure_id":13969,"section_number":"58.1-4022.1","catch_line":"Lottery Proceeds Fund","url":"\/58.1-4022.1\/","token":"58.1\/IV\/40\/1\/58.1-4022.1","metadata":false},{"id":63848,"structure_id":13969,"section_number":"58.1-4023","catch_line":"Post-audit of accounts and transactions of Department; post-compliance audits","url":"\/58.1-4023\/","token":"58.1\/IV\/40\/1\/58.1-4023","metadata":false},{"id":78705,"structure_id":13969,"section_number":"58.1-4024","catch_line":"Employees of the Department","url":"\/58.1-4024\/","token":"58.1\/IV\/40\/1\/58.1-4024","metadata":false},{"id":69602,"structure_id":13969,"section_number":"58.1-4025","catch_line":"Exemption of lottery prizes and sales of tickets from state and local taxation","url":"\/58.1-4025\/","token":"58.1\/IV\/40\/1\/58.1-4025","metadata":false},{"id":56528,"structure_id":13969,"section_number":"58.1-4026","catch_line":"Set-off of debts to the Commonwealth from prizes","url":"\/58.1-4026\/","token":"58.1\/IV\/40\/1\/58.1-4026","metadata":false},{"id":75836,"structure_id":13969,"section_number":"58.1-4027","catch_line":"Judicial review","url":"\/58.1-4027\/","token":"58.1\/IV\/40\/1\/58.1-4027","metadata":false},{"id":84494,"structure_id":13969,"section_number":"58.1-4028","catch_line":"Repealed","url":"\/58.1-4028\/","token":"58.1\/IV\/40\/1\/58.1-4028","metadata":false},{"id":78868,"structure_id":13969,"section_number":"58.1-4029","catch_line":"Disclosure of identity of winners by the Department","url":"\/58.1-4029\/","token":"58.1\/IV\/40\/1\/58.1-4029","metadata":false}],"previous_section":{"id":61896,"structure_id":13969,"section_number":"58.1-4021","catch_line":"Deposit of moneys received by agents; performance of functions, etc., in connection with operation of lottery; compensation of agents","url":"\/58.1-4021\/","token":"58.1\/IV\/40\/1\/58.1-4021","metadata":false},"next_section":{"id":77736,"structure_id":13969,"section_number":"58.1-4022.1","catch_line":"Lottery Proceeds Fund","url":"\/58.1-4022.1\/","token":"58.1\/IV\/40\/1\/58.1-4022.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-4022\/","history_text":"<p>This law was first created in 1987. The record of its establishment is cataloged in chapter 531 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1987 \u201cActs\u201d aren\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1989, chapter 478; in 1995, chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?951+ful+CHAP0831\">831<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?951+ful+CHAP0852\">852<\/a>; in 2002, chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0829\">829<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0866\">866<\/a>; in 2014, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?141+ful+CHAP0225\">225<\/a>.<\/p>","references":false,"refers_to":[{"id":74431,"section_number":"58.1-4007","catch_line":"Powers of the Board","order_by":null,"url":"\/58.1-4007\/"},{"id":77736,"section_number":"58.1-4022.1","catch_line":"Lottery Proceeds Fund","order_by":null,"url":"\/58.1-4022.1\/"},{"id":63848,"section_number":"58.1-4023","catch_line":"Post-audit of accounts and transactions of Department; post-compliance audits","order_by":null,"url":"\/58.1-4023\/"}],"permalink":{"id":259207,"object_type":"law","relational_id":84585,"identifier":"58.1-4022","token":"58.1\/IV\/40\/1\/58.1-4022","url":"\/58.1-4022\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-4022\/","token":"58.1\/IV\/40\/1\/58.1-4022","dublin_core":{"Title":"Virginia Lottery Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-4022","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> All moneys received from the sale of <span class=\"dictionary\">lottery<\/span> tickets or shares, less payment for prizes and compensation of agents as authorized by regulation and any other revenues received under this chapter, shall be placed in a special fund known as the &#8220;Virginia <span class=\"dictionary\">Lottery<\/span> Fund.&#8221; Notwithstanding any other provisions of <span class=\"dictionary\">law<\/span>, interest earned from moneys in the Virginia <span class=\"dictionary\">Lottery<\/span> Fund shall accrue to the benefit of such Fund. <a id=\"paragraph-303129\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/58.1-4022\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> The total costs for the operation and administration of the <span class=\"dictionary\">lottery<\/span> shall be funded from the Virginia <span class=\"dictionary\">Lottery<\/span> Fund and shall be in such amount as provided in the general appropriation act. Appropriations to the <span class=\"dictionary\">Department<\/span> during any fiscal year beginning on and after July 1, 1989, exclusive of agent compensation, shall at no time exceed 10 percent of the total annual estimated gross revenues to be generated from <span class=\"dictionary\">lottery<\/span> sales. However, should it be anticipated at any time by the <span class=\"dictionary\">Director<\/span> that such operational and administrative costs for a fiscal year will exceed the limitation provided herein, the <span class=\"dictionary\">Director<\/span> shall immediately report such information to the <span class=\"dictionary\">Board<\/span>, the Governor and the Chairmen of the Senate Committee on Finance and Appropriations and the House Committee on Appropriations. From the moneys in the Fund, the Comptroller shall establish a special reserve fund in such amount as shall be provided by regulation of the <span class=\"dictionary\">Department<\/span> for (i) operation of the <span class=\"dictionary\">lottery<\/span>, (ii) use if the <span class=\"dictionary\">game<\/span>&#8217;s pay-out liabilities exceed its cash on hand, or (iii) enhancement of the prize pool with income derived from lending securities held for payment of prize installments, which lending of securities shall be conducted in accordance with lending programs approved by the <span class=\"dictionary\">Department<\/span> of the Treasury. <a id=\"paragraph-303130\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/58.1-4022\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> The Comptroller shall transfer to the <span class=\"dictionary\">Lottery<\/span> Proceeds Fund established pursuant to &#xA7; <a class=\"law\" title=\"Lottery Proceeds Fund\" href=\"\/58.1-4022.1\/\">58.1-4022.1<\/a>, less the special reserve fund, the audited balances of the Virginia <span class=\"dictionary\">Lottery<\/span> Fund at the close of each fiscal year. The transfer for each year shall be made in two parts: (i) on or before June 30, the Comptroller shall transfer balances of the Virginia <span class=\"dictionary\">Lottery<\/span> Fund for the fiscal year, based on an estimate determined by the Virginia <span class=\"dictionary\">Lottery<\/span>, and (ii) no later than 10 days after receipt of the annual audit report required by &#xA7; <a class=\"law\" title=\"Post-audit of accounts and transactions of Department; post-compliance audits\" href=\"\/58.1-4023\/\">58.1-4023<\/a>, the Comptroller shall transfer to the <span class=\"dictionary\">Lottery<\/span> Proceeds Fund the remaining audited balances of the Virginia <span class=\"dictionary\">Lottery<\/span> Fund for the fiscal year. If such annual audit discloses that the actual revenue is less than the estimate on which the transfer was based, the State Comptroller shall transfer the difference between the actual revenue and the estimate from the <span class=\"dictionary\">Lottery<\/span> Proceeds Fund to the Virginia <span class=\"dictionary\">Lottery<\/span> Fund. <a id=\"paragraph-303131\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/58.1-4022\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> In addition to such other funds as may be appropriated, 100 percent of the <span class=\"dictionary\">lottery<\/span> revenues transferred to the <span class=\"dictionary\">Lottery<\/span> Proceeds Fund shall be appropriated entirely and solely for the purpose of public education in the Commonwealth unless otherwise redirected pursuant to Article X, Section 7-A of the Constitution of Virginia. The additional appropriation of <span class=\"dictionary\">lottery<\/span> revenues to local school divisions for public education purposes consistent with this provision shall be used for operating, capital outlay, or debt service expenses, as determined by the appropriation act. The additional appropriation of <span class=\"dictionary\">lottery<\/span> revenues shall not be used by any local school division to reduce its total local expenditures for public education in accordance with the provisions of the general appropriation act. <a id=\"paragraph-303132\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/58.1-4022\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"E\"><p><span class=\"prefix-number\">E.<\/span> As a function of the administration of this chapter, funds may be expended for the purposes of reasonably informing the public concerning (i) the <span class=\"dictionary\">facts<\/span> embraced in the subjects contained in subdivisions A 1 through 7 of &#xA7; <a class=\"law\" title=\"Powers of the Board\" href=\"\/58.1-4007\/\">58.1-4007<\/a> and (ii) the <span class=\"dictionary\">fact<\/span> that the net proceeds are paid into the <span class=\"dictionary\">Lottery<\/span> Proceeds Fund of the Commonwealth, but no funds shall be expended for the primary purpose of inducing persons to participate in the <span class=\"dictionary\">lottery<\/span>. <a id=\"paragraph-303133\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/58.1-4022\/#E\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nVIRGINIA LOTTERY FUND (\u00a7 58.1-4022)\n\nA. All moneys received from the sale of lottery tickets or shares, less payment\nfor prizes and compensation of agents as authorized by regulation and any other\nrevenues received under this chapter, shall be placed in a special fund known as\nthe &#8220;Virginia Lottery Fund.&#8221; Notwithstanding any other provisions of\nlaw, interest earned from moneys in the Virginia Lottery Fund shall accrue to\nthe benefit of such Fund.\n\nB. The total costs for the operation and administration of the lottery shall be\nfunded from the Virginia Lottery Fund and shall be in such amount as provided in\nthe general appropriation act. Appropriations to the Department during any\nfiscal year beginning on and after July 1, 1989, exclusive of agent\ncompensation, shall at no time exceed 10 percent of the total annual estimated\ngross revenues to be generated from lottery sales. However, should it be\nanticipated at any time by the Director that such operational and administrative\ncosts for a fiscal year will exceed the limitation provided herein, the Director\nshall immediately report such information to the Board, the Governor and the\nChairmen of the Senate Committee on Finance and Appropriations and the House\nCommittee on Appropriations. From the moneys in the Fund, the Comptroller shall\nestablish a special reserve fund in such amount as shall be provided by\nregulation of the Department for (i) operation of the lottery, (ii) use if the\ngame&#8217;s pay-out liabilities exceed its cash on hand, or (iii) enhancement\nof the prize pool with income derived from lending securities held for payment\nof prize installments, which lending of securities shall be conducted in\naccordance with lending programs approved by the Department of the Treasury.\n\nC. The Comptroller shall transfer to the Lottery Proceeds Fund established\npursuant to &#xA7; 58.1-4022.1, less the special reserve fund, the audited\nbalances of the Virginia Lottery Fund at the close of each fiscal year. The\ntransfer for each year shall be made in two parts: (i) on or before June 30, the\nComptroller shall transfer balances of the Virginia Lottery Fund for the fiscal\nyear, based on an estimate determined by the Virginia Lottery, and (ii) no later\nthan 10 days after receipt of the annual audit report required by &#xA7;\n58.1-4023, the Comptroller shall transfer to the Lottery Proceeds Fund the\nremaining audited balances of the Virginia Lottery Fund for the fiscal year. If\nsuch annual audit discloses that the actual revenue is less than the estimate on\nwhich the transfer was based, the State Comptroller shall transfer the\ndifference between the actual revenue and the estimate from the Lottery Proceeds\nFund to the Virginia Lottery Fund.\n\nD. In addition to such other funds as may be appropriated, 100 percent of the\nlottery revenues transferred to the Lottery Proceeds Fund shall be appropriated\nentirely and solely for the purpose of public education in the Commonwealth\nunless otherwise redirected pursuant to Article X, Section 7-A of the\nConstitution of Virginia. The additional appropriation of lottery revenues to\nlocal school divisions for public education purposes consistent with this\nprovision shall be used for operating, capital outlay, or debt service expenses,\nas determined by the appropriation act. The additional appropriation of lottery\nrevenues shall not be used by any local school division to reduce its total\nlocal expenditures for public education in accordance with the provisions of the\ngeneral appropriation act.\n\nE. As a function of the administration of this chapter, funds may be expended\nfor the purposes of reasonably informing the public concerning (i) the facts\nembraced in the subjects contained in subdivisions A 1 through 7 of &#xA7;\n58.1-4007 and (ii) the fact that the net proceeds are paid into the Lottery\nProceeds Fund of the Commonwealth, but no funds shall be expended for the\nprimary purpose of inducing persons to participate in the lottery.\n\nHISTORY: 1987, c. 531; 1989, c. 478; 1995, cc. 831, 852; 2002, cc. 829, 866;\n2014, c. 225.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}