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Virginia Lottery Allocates $43M to Boost Minority Businesses

11/18/2025

37 6 Full Breakdown

Summary

Story summary

The Virginia Lottery plans to spend $43 million in 2026 to support minority firms, including Black businesses.
Khalid Jones, the Virginia Lottery's CEO, aims to increase transparency and community engagement while addressing concerns about the impact on Black Americans who spend more on tickets.
Under Khalid Jones's leadership, the lottery posted record revenue of more than $5.7 billion in fiscal 2025, with profits funding K-12 education.

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Story summary

The Virginia Lottery plans to spend $43 million in 2026 to support minority firms, including Black businesses.
Khalid Jones, the Virginia Lottery's CEO, aims to increase transparency and community engagement while addressing concerns about the impact on Black Americans who spend more on tickets.
Under Khalid Jones's leadership, the lottery posted record revenue of more than $5.7 billion in fiscal 2025, with profits funding K-12 education.