CHARLESTON, W.Va. (AP) – West Virginia Lottery revenue is down through the first four months of the fiscal year.
From July through October, lottery revenue dipped by more than $14 million, a decline of 4 percent from 2014.
The Charleston Gazette-Mail (http://bit.ly/1QVuz4Y) says the revenue figures were released Friday by the Lottery Commission.
For the first quarter of the fiscal year, total lottery revenue edged above $381 million. For those same four months last year, revenue was more than $395 million.
Most of the decline can be traced to the continued slowdown of video lottery machines at the state’s four racetrack casinos. Revenue for those locations is about $8.5 million lower than last year.
Revenue at the state’s casinos has been declining for years. That’s the result of increased competition from out-of-state casinos.