Lack of big jackpot hurts lottery sales
RICHMOND, Va. (AP) - Sales of lottery tickets in Virginia were down in July compared to last year because of smaller jackpots for national lottery tickets.
A new report to state lawmakers from the Virginia Lottery showed that July sales were down $6.9 million, or 4 percent, from a year before.
Overall profit for the month was down 13 percent, or about $7.5 million. Giant payoffs in the Mega Millions and Powerball last year explain the drop, lottery officials said. Jackpot games brought in $16.3 million less this year than last year, or about a 46 percent drop.
Virginia Lottery profits are used to help pay for public schools and other uses.