A. There is hereby created in the state treasury a special nonreverting fund to be known as the Lottery Proceeds Fund, hereafter referred to as the "Fund." The Fund shall be established on the books of the Comptroller and interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. The Fund shall consist of amounts deposited into it from the net revenues of any lottery conducted by the Commonwealth pursuant to Article X, Section 7-A of the Constitution of Virginia.
B. For purposes of any appropriation act enacted by the General Assembly and for the purposes of the Comptroller's preliminary and final annual reports required by § 2.2-813, all deposits to and appropriations from the Lottery Proceeds Fund shall be accounted for and considered to be a part of the general fund of the state treasury.
2000, cc. 622, 713; 2002, cc. 829, 866.
Structure Code of Virginia
Chapter 40 - Virginia Lottery Law; Sports Betting
§ 58.1-4001. Establishment of state lottery
§ 58.1-4003. Virginia Lottery established
§ 58.1-4004. Membership of Board; appointment; terms; vacancies; removal; expenses
§ 58.1-4005. Appointment, qualifications and salary of Director
§ 58.1-4006. Powers of the Director
§ 58.1-4006.1. Use of the phrase "Virginia is for Bettors" prohibited; civil penalty
§ 58.1-4007. Powers of the Board
§ 58.1-4007.1. Lottery tickets to bear telephone number for compulsive gamblers
§ 58.1-4008. Employees of the Department; background investigations of employees
§ 58.1-4009. Licensing of lottery sales agents; penalty
§ 58.1-4010. Authority of persons licensed as lottery sales agents; annual fee
§ 58.1-4011. Meaning of "gross receipts."
§ 58.1-4012. Suspension and revocation of licenses
§ 58.1-4013. Right to prize not assignable; exceptions
§ 58.1-4014. Price of tickets or shares; who may sell; penalty
§ 58.1-4014.1. Method of payment for purchase of tickets or shares
§ 58.1-4015. Sale of ticket or share to person under eighteen prohibited; penalty
§ 58.1-4015.1. Voluntary exclusion program
§ 58.1-4016. Gift to minor prohibited
§ 58.1-4017. Alteration and forgery; presentation of counterfeit or altered ticket or share; penalty
§ 58.1-4018. Prohibited actions; penalty
§ 58.1-4018.1. Larceny of tickets; fraudulent notification of prizes; penalty
§ 58.1-4018.2. Ticket discounting; civil penalties
§ 58.1-4019. Certain persons ineligible to purchase tickets or shares or receive prizes
§ 58.1-4019.1. License required for "instant ticket" games or contests
§ 58.1-4022. Virginia Lottery Fund
§ 58.1-4022.1. Lottery Proceeds Fund
§ 58.1-4023. Post-audit of accounts and transactions of Department; post-compliance audits
§ 58.1-4024. Employees of the Department
§ 58.1-4025. Exemption of lottery prizes and sales of tickets from state and local taxation
§ 58.1-4026. Set-off of debts to the Commonwealth from prizes
§ 58.1-4029. Disclosure of identity of winners by the Department
§ 58.1-4031. Powers and duties of the Director related to sports betting; reporting
§ 58.1-4032. Application for a sports betting permit; penalty
§ 58.1-4033. Renewals of permits
§ 58.1-4034. Duties of permit holders
§ 58.1-4035. Suspension and revocation of permits; civil penalties
§ 58.1-4036. Use of official league data
§ 58.1-4037. Tax on adjusted gross revenue
§ 58.1-4038. Distribution of tax revenue
§ 58.1-4039. Events on which betting is prohibited; penalty
§ 58.1-4040. Underage betting prohibited; penalty
§ 58.1-4041. Persons prohibited from sports betting; penalty
§ 58.1-4042. Operation and advertising of unpermitted facilities prohibited; penalty
§ 58.1-4043. Reporting and investigating prohibited conduct
§ 58.1-4044. Required direct notification to the Department and to sports governing bodies
§ 58.1-4046. Intermediate routing of electronic data
§ 58.1-4047. Certain provisions in Article 1 (§ 58.1-4000 et seq.) to apply, mutatis mutandis