WEST VIRGINIA SPORTS AND IGAMING WAGERS REACH $281.3M IN NOVEMBER

WEST VIRGINIA SPORTS AND IGAMING WAGERS REACH $281.3M IN NOVEMBER

West Virginia’s regulated sports betting and iGaming market hit a new record high in November as total wagers soared to $281.3m.

Total wagers in the four-week period ended 27 November increased by 203 per cent year-on-year, with iGaming wagers rising 173 per cent to $198.2m and sports betting wagers climbing 71 per cent to $83.1m. Within sports betting, retail accounted for wagers of $14.9m, with online betting generating wagers of $68.2m.

WEST VIRGINIA SPORTS & IGAMING WAGERS: NOVEMBER 2021 (US$)

Sports Betting iGaming TOTAL
The Greenbrier 50,230,808 104,902,300 155,133,108
Hollywood Casino at Charles Town Races 23,935,874 70,953,896 94,889,770
Mountaineer Casino, Racetrack & Resort 6,043,152 22,306,107 28,349,259
Mardi Gras Casino & Resort 1,901,149 1,901,149
Wheeling Island Hotel Casino Racetrack 986,875 986,875
TOTAL 83,097,858 198,162,303 281,260,161

iGaming

The Greenbrier and its partners FanDuel and BetMGM maintained their market leadership position in November, generating iGaming wagers of $104.9m, compared to just $28.6m a year ago.

The next biggest iGaming operator was Hollywood Casino at Charles Town Races, where wagers from DraftKings rose 62 per cent to $71.0m. Mountaineer Casino collected iGaming wagers of $22.3m during the month through Caesars and BetRivers, having only launched iGaming operations in April of this year.

A total of $192.2m was paid out in iGaming winnings during the four-week period, resulting in revenue of $5.9m across the state’s three licensed iGaming operators, compared to $1.1m a year ago.

Sports Betting

West Virginia’s five licensed sportsbook operators took in total sports wagers of $83.1m in November, with online wagers climbing 140 per cent year-on-year to $68.2m, offsetting a 26 per cent decline in retail wagers to $14.9m.

The Greenbrier maintained its sportsbook market leadership position in November with wagers of $50.2m, of which $48.2m was derived online, while Hollywood Casino collected wagers of $23.9m, of which $16.6m came from online.

The next biggest sportsbook operator in West Virginia was Mountaineer with wagers of $6.0m, ahead of Mardi Gras’ $1.9m and Wheeling’s $1.0m.

A total of $76.7m was paid out in sports winnings during the month, alongside $124,662 in voided bets, leaving the five sportsbook operators with total taxable receipts of $6.3m, up from $4.4m in November 2020.

Hollywood Casino’s share of taxable receipts amounted to $2.9m, with The Greenbrier at $2.4m, Mountaineer at $517,526, Mardi Gras at $275,987 and Wheeling at $211,341.

Gamingintelligence

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