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Board approves minutes, internal-audit charter and three closed-session price/odds adjustments
Summary
The Lottery board approved committee and board minutes, a revised internal-audit charter and three price/odds-related actions arising from a closed session; votes were by voice and recorded as approved.
The Virginia Lottery board approved a set of procedural and substantive items at its April 9 meeting, including committee and board minutes, a revised internal-audit charter, and three price/odds actions approved after a closed session.
Votes at a glance (approved)
- Motion: Approve gaming compliance committee minutes from the meeting held Dec. 20, 2024. Outcome: Approved by voice vote; mover/second not specified in the public transcript; recorded as passed.
- Motion: Approve operations committee minutes from the meeting held Dec. 20, 2024. Outcome: Approved by voice vote; mover/second not specified in the public transcript; recorded as passed.
- Motion: Approve minutes from the regular board meeting held Jan. 14, 2025. Outcome: Approved by voice vote; mover/second not specified in the public transcript; recorded as passed.
- Motion: Approve revised internal audit charter as presented at the Feb. 5, 2025 Operations Committee meeting. Outcome: Approved by voice vote; mover identified in the meeting as the motion filer (name not specified on the public audio); recorded as passed.
- Closed-session motions (approved after certification of the closed meeting): 1) Approve the price-structure range adjustment as presented. 2) Approve updated price structure and odds for virtual-sports football as presented. 3) Approve the price structure for the Lottery’s New Year’s raffle as presented. Outcome: All three motions approved by voice vote after the closed session; no roll-call tallies were read into the public record.
Procedure and certification
The board convened a closed meeting under the Code of Virginia provisions cited in the meeting (authorities referenced in the certification) to discuss proprietary game design and pricing. After the closed session, each member certified the closed meeting in accordance with Virginia law and then approved the three pricing motions by voice vote.
Notes
- The public transcript records only voice approvals (
