Friday, October 30, 2009
W. Va. Lottery Blames Recession For Loss In Revenue
West Virginia Lottery Commission officials say a weak economy and the summer opening of a 3,000-machine video slots parlor in Pittsburg is to blame for the state's loss in Lottery revenues. September gross revenues came in at $110.6 million, down nearly $9 million from September 2008 and $5 million below the month's projections. The first three months of the 2009-2010 budget year record gross revenues at $361 million, down 6% from the same period last year. Video lottery terminals at the state's four racetracks saw the biggest revenue decline, down about 7%, while table games at three of the tracks experienced an increase. Lottery officials also say they've noticed more "gaming nights" being held on behalf of charitable organizations, and, although they may be using play money when setting up tables and roulette wheels, the activity is illegal.