Tag: lottery revenue

Casinos Chipping Away at West Virginia Lottery Revenues

West Virginia Lottery revenues are declining, primarily from competition from casinos in neighboring states.

The Charleston Gazette-Mail reports that the Lottery Commission’s acting director, John Myers, said Friday revenues are shrinking at a steady rate of about 4 percent.

For November, the Lottery had gross revenue of more than $87 million, down approximately $2.7 million from November 2014.

Video slots at the state’s four racetrack casinos also fell, as did Limited Video Lottery and scratch ticket sales. The revenue decline ranged from 2.5 percent to 6 percent.

W.Va. Lottery Revenue Up in March, Down for Fiscal Year

West Virginia Lottery revenue is down from the previous fiscal year, despite an 8 increase in March.

A report to the Lottery Commission shows lottery revenue totaled about $871 million for the first nine months of the 2014-2015 fiscal year. That’s down $39.5 million from the same point in the 2013-2014 fiscal year.

The Charleston Gazette says the report was released Wednesday at a commission meeting.

Racetrack video lottery revenue dropped by $25.9 million to $415.28 million. Table game revenue declined by about $3 million to $35 million.

Year-to-date limited video lottery, online and scratch-off ticket revenues also declined.

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