The third month of the year was a good one for the state of West Virginia’s bottom line, with double-digit increases in iGaming and sports betting revenue.
As far as iGaming is concerned, West Virginia raked in $446,026,231 during March, up 21.3% month-over-month from February’s haul of $367,586,672.
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The Mountain State’s iGaming revenues during March also climbed, increasing 31.3% month-over-month, from $12,415,454 in February to $16,298,985.
West Virginia sportsbooks and online sports betting sites took in $51,308,064 in handle during March.
The third month’s sum represented a 29.0% month-over-month increase from February’s total of $39,758,297 and a 16.5% decrease from March 2022.
West Virginia operators took in $4,861,303 worth of sports betting revenues during March, up 45.7% from last year’s total of $3,336,284.
When it comes to sports betting taxes, West Virginia saw a 49.3% month-over-month increase, going from $236,999 in February to $353,937.
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West Virginia Sports Betting, March vs. February
|Total handle||Mobile handle||Revenue|
|Change||Up 29.0%||Up 28.5%||Up 74.4%|
Note: West Virginia reports numbers weekly rather than by calendar month. March represents Feb. 26-April 1; February represents Jan. 29- Feb. 25.
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Where West Virginia March Report Ranks
Of the five states that have reported March sports betting handles nationally, West Virginia’s $51,308,064 total ranks fourth, ahead of Montana’s total of $5.8 million.
Nationally, New York has the largest sports betting handle so far during March, at $1.79 billion, followed by Maryland ($386 million) and Iowa ($232.6 million).
Overall, West Virginia’s retail and mobile sports betting apps have raked in $135,841,176 in handle during the first quarter of 2023, to go with $11,308,444 in gaming revenue.
West Virginia’s sports betting revenue figures during the first quarter of the year represent a 20.4% year-over-year increase from 2022’s total ($9,389,421), showing how far the market has come in Year Six of wagering in the state.
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