The state lottery on Wednesday reported a record $621.8 million in operating expenses.
That is nearly $3.7 billion more than in the previous year and the highest amount in nearly 50 years.
The state also has more than 1.7 million tickets and $17 billion in cash prizes.
“I’ve been in this business for 25 years and I’ve never seen anything like this,” Virginia Lottery CEO Tim Cagle said.
“This is an historic year.
It’s a major step forward.”
The Virginia Lotteries is the largest state lottery in the country.
It is the second-largest state-run lottery in North America after the U.S. Treasury Department, with more than $1.2 trillion in revenue.
The average winner of the Virginia Lotters statewide jackpot is worth $16 million.
The winning ticket was worth $2.3 million.
With a $600 million jackpot in its sights, the state is aiming to raise about $6 billion this year, with the biggest chunk going toward the construction of new computers that will make the state more efficient and secure.
The Lottery has already spent more than half a billion dollars on computer upgrades since 2007, according to a recent report from the state’s Fiscal Commission.
Virginia Lottery Chairman Jim Raney said he’s hopeful that $6.7bn in new computers will lead to more revenues.
Raney said the new computers, which are being built by a consortium of companies and universities, will be able to process millions of tickets and be much more secure than the machines that the state used to process its lottery tickets.
Some states have had trouble using computers that were designed in the 1970s.
In 2008, the U,S.
Supreme Court invalidated a state law that required a new electronic lottery system to have an operating system and software that was as up to date as the old one.
That decision set off a period of political gridlock in the state, with lawmakers unable to agree on what to do about a state that had to hire an outside consultant to create the new lottery system.
But a compromise was reached this year and a federal judge in March approved a $1 billion lottery modernization bill.
That bill included money for new computer systems and the creation of a new state lottery for the first time in nearly 40 years.
Since the $600m jackpot, Virginia has also made more than 2 million changes to the lottery system, according a spokeswoman for the Lottery.
Voters in Virginia have until Feb. 16 to choose between winning $1 million or the state-mandated $1,000 jackpot.