The West Virginia sports betting market is a competitive state considering the number of people in the state. This is thanks to the competitive operators who operate in the state like FanDuel and DraftKings.
The list of operators is still growing, and PointsBet is the latest sportsbook to join the fold. PointsBet is in the midst of an aggressive United States expansion. The company is based out of Australia but quickly made headway following the removal of the Professional and Amateur Sports Protection Act.
PointsBet, the official betting platform of NBC Sports, announced on Friday that the sportsbook launched in West Virginia in addition to securing market access from the Virginia Lottery Commission.
PointsBet launches in West Virginia
PointsBet will not dominate West Virginia, but it will become a player quickly thanks to the amenities the book offers. PointsBet Sportsbook is known for points betting, which is a risky, but exciting way to wager.
The app is available in seven states, including major markets like New Jersey, Indiana, Illinois, Colorado, and Michigan. PointsBet secured market access in West Virginia through a deal with Penn National Gaming that was announced in July 2019.
PointsBet USA Chief CEO was quoted in the press release. He said, “Launching in West Virginia represents further progress for PointsBet and presents another tremendous opportunity we are excited to attack. As always, PointsBet will provide this passionate, sports-loving community with a fast and reliable online sports betting product across every customer touchpoint. We are thrilled to now introduce West Virginian sports bettors to the competitive advantages PointsBet possesses in owning our technology end-to-end, such as our speed and ease of use as well as a deep slate of betting options for every NFL, NBA, MLB, NHL, WNBA, and PGA Tour contest.”
The West Virginia sports betting market was dominant in June, posting a handle of $29.92 million. This was a 17.4% increase from May’s handle of $25.48 million. The total handle during the fiscal year was $518 million.
Sports betting revenue was up 28.9% in June, totaling $3.46 million. The revenue for the fiscal year was $41 million, helping the state legislature earn a significant chunk of revenue.
PointsBet iGaming launching in West Virginia
PointsBet Sportsbook is also launching its online casino in West Virginia. Online casino gaming has become more common throughout the United States. This trend is expected to continue in the United States as sports betting has achieved normalcy.
Online casino gaming is the next phase of internet gambling in the United States. PointsBet Sportsbook currently operates online casinos in New Jersey and Michigan. WV will be the third state where the iGaming platform goes live.
Online casinos in West Virginia had a potent month to complement sports betting. Online casino betting had a 26.8% increase in June’s handle from May. The revenue rose 10%, totaling $4.3 million.
FanDuel and BetRivers Casino were the most recent launches besides FanDuel in West Virginia. Rush Street Interactive, which runs BetRivers, and Scientific Games recently partnered to enhance the platform. The iGaming market will be more difficult for PointsBet than sports betting.