July 20, 2024 Breaking News, Latest News, and Videos

West Virginia’s Online Gaming Industry Continues to Grow with Record February Numbers

Both online and brick-and-mortar are seeing increased gaming traffic in West Virginia.

Video lottery and table games at retail casinos both experienced increases of about 5% from January. Internet casinos experienced double-digit MoM growth and had their best four-week period ever in the state.

The Rise of West Virginia Online Casinos is Unmatched

Bettors have access to seven WV online casinos. The eighth is anticipated to debut shortly and is called Hacksaw Gaming.

West Virginia’s online gaming industry saw record-breaking February online casino handling and revenue. The three operators in the state collectively generated $12.4 million (+13.8% MoM) in revenue on $367.6 million in wagers (+14.7% MoM) and paid out $355.2 million in winnings.

As a consequence, the handle has now exceeded $300 million and revenue has surpassed $10 million for five consecutive months at WV online casinos. Double-digit monthly growth is great, but the annual growth is even more impressive. February 2022 handle was $222 million, bringing in almost $8 million. These figures have increased by 65.6% and 55%, respectively, over the past 12 months.

Greenbrier’s Handle is Almost Matched by Charles Town

In February, Greenbrier continued to lead all West Virginia online casinos in both handle and revenue. FanDuel Casino WV and BetMGM Sportsbook WV received over $164.4 million in wagers (+9.3% MoM) and generated roughly $6.4 million in revenue (+12.1% MoM) through their respective applications.

With a $162.7 million handle, a 22.8% MoM increase, from its PointsBet and DraftKings casino gaming apps, Charles Town came very close to Greenbrier. Their revenue was behind Greenbrier’s, coming in at around $4.5 million with a decent MoM growth of 13.8%. You can find out more about DraftKings through the following review at iGamingWV, they also have guides, articles, news, and the latest bonuses.

The combined $40.4 million handle for Mountaineer Casino, which included Caesars Casino WV and BetRivers WV, was considerably lower. Nonetheless, it increased by 7.2% MoM, with sales reaching almost $1.5 million (+19.9% MoM), the highest percent in the state.

Video Lottery Continues to Lead the Market

In February, revenue from video lottery machines was over $36.9 million (+5.2% MoM). The five retail casinos in the state collected $479.3 million in bets (+8.3% MoM) and paid out more than $442 million.

Hollywood Charles Town saw a $261.3 million handle (+5.7% MoM), accounting for over 55% of all video lottery activity in the state. Yet, it’s estimated $18.6 million in revenue fell by $2 million (-9.7%) from January.

In terms of handling and revenue, Wheeling placed second, barely ahead of Mountaineer. Both casinos outperformed the industry, with Wheeling seeing growth of 10.4% and 9.4% MoM respectively on its $85.2 million handle and $7 million in revenue.

With a 10.3% MoM increase, Mountaineer produced $74.1 million in video lottery handle. An increase of 11.9% MoM brought in nearly $6.6 million in income.

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