Valerie Cave

Virginia Lottery Board Meeting

The meeting covered the election of officers for 2026, including the Chairman and Vice Chairman. Key reports included updates on Gaming Compliance, which involved approving prior minutes and updating the committee charter to reflect new membership. Discussions under the Operations Committee concerned the approval of minutes from September 2025 meetings, charter revisions, and the approval of the internal audit plan. The Director's report highlighted record-breaking financial results for the first half of the fiscal year, with total sales up 18% year-to-date, driven significantly by large Powerball jackpots and strong performance in Pick 3, Pick 4, and Pick 5 games, despite softness in scratcher sales. The growth of the iLottery program, up 31% for the half-year, was also detailed. Gaming compliance discussions included plans for reviewing regulations after the legislative session, efforts to join a national exclusion program to prevent venue-picking by patrons, and emphasizing responsible gaming initiatives as a driver for revenue.

Extracted from official board minutes, strategic plans, and video transcripts.