The Virginia Lottery is an independent agency of the Commonwealth of Virginia. It was created in 1987 when Virginians voted in a statewide referendum 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, as required by Virginia's constitution. In Fiscal Year 2021, the Lottery's profits totaled more than $765 million, accounting for approximately 10 percent of school funding in Virginia. That brought total Lottery profits in Virginia to more than $13.8 billion.