CHARLESTON, W.Va. –Revenues from the West Virginia Lottery finished the fiscal year $77.8 million above estimates partly because gambling competition from Ohio got off to a slow start.

Jeff Jenkins/MetronNews

Members of the state Lottery Commission got final revenue numbers from the recently completed fiscal year at Thursday’s meeting.

Lottery Director John Musgrave told Lottery Commission members at Thursday’s meeting total sales for 2012-2013 fiscal year finished at $1.33 billion, 16 percent above estimates.

“We had built in decreases because of our competition from Ohio, Pennsylvania and Maryland. Some of the competition hasn’t developed yet,” Musgrave said.

Several new casinos opened in Ohio in the last few months of the fiscal year. Others will be up and running in the next few months.

Final numbers show racetrack video lottery continues to be the strongest revenue collector. It brought in $655 million during the past year. The community video lottery machines, Limited Video Lottery, had revenues of just under $400 million.

Musgrave told commission members ending future fiscal years above estimates would be unlikely.

“It will be much less if at all,” he said. “But we’re glad to provide it this year and help the state and the programs we contribute to.”

Other action by the Lottery Commission Thursday included:

–approval of $10 million for casinos to finance updates on their gambling floors.

–amended a Memorandum of Understanding with the state Racing Commission to remove the sharing of day-to-day legal work. The state Attorney General’s Office will remain in control of the Racing Commission’s legal affairs.

–received a report on preparations being made by the Lottery’s marketing department for the upcoming State Fair of West Virginia. Reduced revenue expected because earlier than normal beginning of school year could hurt fair attendance.

Musgrave says he still expects a great week at the State Fair. The Lottery is one of its sponsors.

“Our folks have a lot of fun and the fairgoers have a lot of fun with wheel spins, we’ll have a long line with people to participate,” he said.

 

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Comments

  • Ragweed

    Isn't it ironic that the state pushes the lottery so hard, while at the same time offering help to gambling addicts? Talk about two-faced. I really don't want to hear any more about how sympathetic our lottery commission is.

  • taxpayer

    Its not their money to do with what they want since it is a STATE lottery. How much of this windfall is going to senior citizens and public schools?

    • wvufan

      Bulldog was referring to tax payer dollars acquired through Levies. Not the actual money from lottery sales.

      It is people's right to spend their money how they wish. Why would you vote to increase your taxes? IMO they should use more of this lottery money for the education system and less on the other things that the monney is probably being spent on.

      • wvufan

        Money*

  • wvrefugee

    Awesome!!! County school systems can't pass operating levies but these stupid people will spend extra money on the lottery!! Way to go WV!!!!

    • bulldog95

      If its their money let them spend it how they want. Why should a person that doesnt have children and has no plans to ever have children be forced to pay for a levy for the school?

      • Ragweed

        ...because an educated public benefits everyone.

      • wvrefugee

        Who paid for your schools????? Pudd!