CHARLESTON, W.Va. - The West Virginia Lottery Commission finished its 2013 fiscal year about $129 million behind its 2012 revenues, mostly because of competition from surrounding states, officials said.
But the Lottery still finished $190 million ahead of its own projections, however, as construction at an Ohio casino has not proceeded as fast as expected.
With all of its revenue sources combined, the Lottery brought in $1.33 billion in the 2013 fiscal year, which ended June 30. In 2012, the lottery brought in $1.45 billion.
The main cause of that decline was a significant drop in racetrack slot machine revenues, which went from $764 million in 2012 to $655 million in 2013.
The state had expected a much larger drop in racetrack video lottery revenues, however. Lottery officials projected they would be $525 million in 2013, a 31 percent drop from 2012 revenues.
"We looked at our competition and said, this is what we think the impact (will be)," Lottery Director John Musgrave said following a meeting on Thursday.
Musgrave said new casinos in Maryland, Ohio and Pennsylvania are taking customers away from West Virginia's racetracks and casinos in Charles Town and Wheeling.
But Musgrave said a casino near Youngstown, Ohio, has taken longer to complete than expected. That's why estimates for 2013 were so low, and why 2013's actual revenues far outpaced those projections.
Instant games, limited video lottery, table games and the Greenbrier Casino also saw revenue declines over the last fiscal year.
The state brought in $108 million in instant games, compared to $117 million in 2012, $399 million in limited video lottery machines, compared to $406 million last year, and $70 million in table games, compared to $78 million in 2012.
The lottery's only revenue increase was in online games, like Powerball and MegaMillions. Those games brought in $86.9 million in 2013, compared to $83.6 million in 2012.