WEST VIRGINIA GROWS SPORTS BETTING AND IGAMING
West Virginia’s licensed casino operators booked $149.8m in combined sports betting and iGaming wagers in January.
Total wagers for the four-week period ended 30 January were down 16 per cent compared to the previous month’s record of $179.2m but higher than a year ago, with the state’s five sportsbooks collecting wagers of $50.7m and the state’s two iGaming operators collecting wagers of $99.1m.
WEST VIRGINIA SPORTS BETTING AND IGAMING WAGERS: JANUARY 2021 (US$)
|Retail Sports||Online Sports||iGaming||TOTAL|
Total sports wagers rose 43 per cent year-on-year in January, with retail sports betting contributing $17.8m in wagers and online sports betting accounting for $32.9m.
Penn National Gaming’s Hollywood Casino at Charles Town maintained its market leadership position as sports wagers increased 12 per cent versus a year ago to $25.2m, comprised of $13.4m from DraftKings’ mobile sports betting app and $11.8m from retail.
The biggest growth in January came from The Greenbrier as sports wagers climbed 91 per cent to $18.7m, most of which was derived from mobile sports betting via FanDuel and BetMGM, with retail contributing just $559,725 in wagers.
The Mountaineer was the next biggest operator as sports wagers rose 49 per cent to $4.4m, comprised of retail wagers of $3.3m and online sports wagers of $1.1m from William Hill’s mobile app.
The Mardi Gras Casino generated wagers of $1.7m during the month, $1.4m from retail and $263,808 from the Bet Lucky mobile app, while the sportsbook at Wheeling Island Casino booked $723,896 in wagers, of which $66,899 was generated online by the Betly mobile app.
Neither Mardi Gras nor Wheeling had sports betting operations in the comparable period last year.
Overall, a total of $46.6m was paid out in sports winnings in January, alongside $141,683 in voided bets, leaving the five sportsbook operators with total taxable receipts of just under $4.0m.
Meanwhile, the state’s recently regulated iGaming market generated total wagers of $99.1m during the four-week period.
Hollywood Casino and partner DraftKings generated two-thirds of the total with iGaming wagers of $65.2m during the period, with The Greenbrier contributing $33.9m through the BetMGM online casino.
A total of $96.6m was paid out in iGaming winnings during the month, resulting in revenue of $2.8m for the two licensed operators, split equally between Hollywood Casino and The Greenbrier.
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