How are the profits spent for each one – Racetrack and Limited Video Lottery?
In general, profits from video lottery gaming fund West Virginia programs for senior citizens, education and tourism. In 2000, House Bill 102 capped the lottery’s 4 percent administrative allowance under the Racetrack Video Lottery Act at the fiscal year 2001 level. Today, excess funds are deposited into the State’s Excess Lottery Revenue Fund, used to provide West Virginia students with college scholarships and to back bonds for economic development endeavors. West Virginia cities and counties also receive two percent of the State’s revenues produced by the limited video lottery machines located within their geographic boundaries.
