West Virginia's "take" from casino and racetrack gambling plunged in July, with officials admitting new casinos in Ohio are to blame.
July revenue from video gambling at West Virginia racetracks was $60.84 million, down $7.19 million from July 2011. Table gambling revenue from casinos was $6.53 million, about 10 percent less than the previous July.
Within months, two more Ohio casinos, in Columbus and Cincinnati, will open.
Clearly, state officials need to begin planning for even more loss in gambling revenue. Failing to do so would be a sucker's bet.