CHARLESTON, W.Va. -- Lottery Commission Director John Musgrave said Thursday he hopes state Lottery revenues will hold steady in the 2013-14 budget year, despite growing competition from casinos in Ohio, Maryland and Pennsylvania.
"We're hopefully going to do about the same as we're doing this year," Musgrave said of Lottery revenues for the coming fiscal year, which starts July 1, despite expansion of casino gambling competition in the border states.
At the midpoint of the 2012-13 budget year, which ends June 30, the Lottery is clearly seeing the impact of new casinos opening or expanding operations in Ohio and Maryland.
Year-to-date, total Lottery revenues are at $664.5 million, down nearly $42 million from the same point last year.
Racetrack video lottery revenues of $329.1 million are down $45.5 million from fiscal 2012, while revenue from table games at the four racetrack casinos is down about $1.7 million, at $36.47 million.
Revenue from traditional scratch-off and online Lottery games are up slightly for the year, as is limited video lottery in bars and clubs around the state, up $2.7 million at $196.98 million.
The state's share of Lottery profits, year-to-date, of $288.67 million, is down $18.25 million from the same point last year.
Other highlights from the Lottery's monthly financial report:
* December total revenue of $106.3 million was down $3.2 million from November, and down $13 million from December 2011.