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 $68.2m.
WEST VIRGINIA SPORTS & IGAMING WAGERS: NOVEMBER 2021 (US$)
|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|
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.
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.
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