During Smith's tenure, Vermont Lottery sales and profits grown by almost 20%, resulting in over $26M being contributed to Vermont's Education Fund in the last fiscal year, VLC said in a statement released this week.
"We are sorry to see Greg go but understand his decision. The Board has had a strong working relationship with him and wish him success in his new position," VLC Board Chairperson, Martha O'Connor, said.
"I have thoroughly enjoyed my four years working with the VLC Board and Lottery staff. It makes me sad to think about leaving but I do not want to pass up this other offer. I hope my successor is able to reach the same satisfaction that I did in this job," Greg Smith said.
The Vermont Lottery Commission will begin a search for a new Executive Director and work closely with the remaining management team to ensure the smooth operation of the lottery continues.