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West Virginia Sees Growth in October Sports Betting Handle

Official sports betting figures show that West Virginia sports betting handle grew 38% in 2021.

West Virginia was an original member of the post-PASPA sports betting states and has continued its sports betting success since the Federal ban on betting was lifted.

The state was an early adopter to accepting sports wagers as the Mountaineer state was one of the first states to support New Jersey’s ongoing court case against the government in regards to a sports gambling ban.

WV had a monthly handle of $61.7 million in October, up 2.7 percent from September’s numbers, which saw a total of $60.1 million. In relation to the year-to-date figures, West Virginia’s handle saw an increase of 38.2 percent from $44.6 million. October’s report consisted of just four weeks when compared to September’s report, which covered five weeks.

The state reports its numbers weekly rather than monthly. Sportsbooks also saw a slight increase in usage on their reputable platforms as the state took in $47.8 million in online wagers, which is up 4.3 percent from September’s sum, which totaled $45.8 million. When comparing yearly numbers, sportsbooks saw an increase of 79.3 percent from $44.6 million.

West Virginia is another state that set sports betting revenue record in September but saw a decline of $2.7 million. This implies a 62.6 percent decline from September’s record of $7.1 million and an overall 28.7% decrease from October 2020’s $3.7 million.

According to the West Virginia Lottery, the state also witnessed a sharp decline from its share of taxes from September’s numbers of $606,991 to $226,714, down 62.6 percent. The year-to-date figures also saw a negative change of 28.7% from October 2020s $318,136.

iGaming revenue in the green

The state’s casino handle, also known as iGaming, saw a drop-off from September from $232.1 million to $197.8 million, which signifies a 14.8 decrease. Despite the decrease in the number of bets taken, iGaming revenue has gone up to $6.4 million, an increase of 4.3% from September’s amount of $6.2 million.

The state experienced some major ups and downs since they legalized sports betting across the state, including the closure of BetLucky, a Delaware North brand that is now referred to as Betly Sportsbook. However, West Virginia still wants to engage more residents in the sports betting industry as they continue to give licenses to more reputable brands.

West Virginia welcomes WynnBET

WynnBET Sportsbook is about to announce its presence in the state as it gained market access via a sports betting agreement with Delaware North.

Delaware North is a global hospitality and entertainment company with regional gaming facilities, which operates both Wheeling Island Hotel-Casino Racetrack in Wheeling and Marie’s Gras Casino and Resort, located in Nitro. Its facilities are located near Charleston and are home to retail sportsbooks.

There are other locations bettors across the state as Hollywood Casino extended its partnership with DraftKings and was the first to go live in the state. Rival FanDuel operates in The Greenbrier, which is a private resort. Finally, Mountaineer Casino in New Cumberland launched its sportsbook in 2019 but does not have an online platform at the moment.

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