Virginia Schools Receive Nearly $22M From Mega Millions Sales

RICHMOND, Va. (CBSDC/AP) — No one in Virginia may have won the Mega Millions jackpot, but lottery officials say the state’s public schools were big winners.

During the jackpot run that began after the Jan. 24 drawing and continued until Friday, sales of Mega Millions tickets in Virginia generated nearly $22 million in profit. By law, all of that profit goes to K-12 public schools in Virginia.

In addition, officials say that Virginia retailers that sell lottery tickets earned more than $2.4 million in selling commissions.

The Virginia Lottery generates approximately $1.2 million per day for Virginia’s K-12 public schools. The lottery raised more than $444 million for Virginia’s public schools in fiscal year 2011. That’s about 8 percent of state funding for public education in Virginia.

Five tickets bought in Virginia matched the first five numbers to win $250,000 apiece.

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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