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West Virginia Lottery reports stable revenue, expands iPlay and iGaming; casino and racing questions raised

2360865 · February 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

John Myers, director of the West Virginia Lottery, reported gross sales and statutory distributions, described new digital products iPlay and Play On, and answered senators’ questions about limited video lottery locations, dog racing and revenue allocations.

John Myers, director of the West Virginia Lottery, briefed the Senate Finance Committee on lottery revenues, product trends and statutory distributions to state programs.

Myers said the lottery is a non‑appropriated agency and that gross annual sales are about $1.16 billion in the period he referenced. He said the lottery has netted more than $5.1 billion for state programs in the last 10 years and that cumulative sales since inception total about $32.25 billion with net revenue to state programs of over $12.5 billion. He told senators the lottery was “a little over 1.16 billion annually” in gross sales for the recent period he cited.

Myers described the lottery’s cash position: at the start of the fiscal year the State Lottery Fund was $90,550,000 and the Excess Lottery Fund $99,420,000 for a combined balance of $189,970,000. For fiscal 2025 he reported revenues of…

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