Earlier this month, the Mardi Gras West Virginia Casino received $193,884 to help buy new slots. Bob Lagg, Mardi Gras General Manager, said the money would help the casino in being more competitive. He was unsure if the casino would ask for more money this year, but Mardi Gras is still eligible to receive about $830,000 more from the modernization fund this year.

“A lot of it will depend on finances And whatever we Can afford,” said Lagg. Jim Toney, the Lottery’s deputy director for finance and administration, said lottery officials are still processing other requests to access the funds.

The state’s three other racetrack casinos: Charles Town Races & Slots, Wheeling Island Racetrack and Mountaineer Casino Racetrack, are also eligible for funds, but the participating casinos must put up money of their own as well. The fund pays $1 for every $2 the casinos spend.

The four casinos can split up to $10 million a year based on how much revenue they generate.

 

 

 

American Casino Guide