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Updated: 6:45 PM Oct 29, 2009
Weak Economy Takes Toll on WV Lottery's Revenue
CHARLESTON, W.Va. (AP) A weak economy is taking its toll on the West Virginia Lottery's revenue. Posted: 4:00 AM Oct 30, 2009 |
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A weak economy is taking its toll on the West Virginia Lottery's revenue.
Lottery officials say September's gross revenue was $5 million below projections for the month. Gross revenue totaled $110.6 million, nearly $9 million less than in September 2008.
Gross revenue for the three-month period beginning July 1 was $361 million, about six-percent less than the same period in 2008.
Revenue from racetrack video slots for the three-month period was $207.9 million, about 7.5-percent less than the same period in 2008.
Lottery Director John Musgrave attributed the decline to the economy. He said video slots revenue also was hurt by the opening of a video slots parlor in Pittsburgh.
©2009 The Associated Press. All rights reserved.
