WASHINGTON, Aug. 1, 2018 /PRNewswire/ — Today, former Obama Administration officials Ambassador Vinai Thummalapally and Mr. Nick Rathod, as well as global business leaders and political strategists Ms. Rina Shah, Mr. Varun Nikore, and Mr. Ferhan Hamid, launchRed Fort Strategies, a public affairs and government relations firm.
Governor Ralph Northam announced that the Virginia Lottery completed its best year ever, with record sales of $2.14 billion and profits topping $600 million for the first time.
The news was delivered at the Lottery Board’s quarterly meeting held in Richmond today. Virginia’s Constitution requires that all Virginia Lottery profits be deposited in the Lottery Proceeds Fund, from which the General Assembly makes appropriations in support of K-12 public education programs. The previous record, set in Fiscal Year 2016, was $588 million.