WEST VIRGINIA SURPASSES $121M IN NOVEMBER SPORTS AND IGAMING WAGERS
West Virginia’s licensed casino operators collected a record $121.1m in combined wagers from sports betting and iGaming during the month of November.
The state’s five sportsbooks saw total sports betting wagers increase by 47 per cent year-on-year to $48.5m for the four-week period ended 28 November.
This comprised $20.1m from retail sports betting and $28.4m from online sports betting, an increase of 20 per cent and 74 per cent respectively compared to the same period last year.
NOVEMBER SPORTS AND IGAMING WAGERS COMPARISON (US$)
|Hollywood Casino at Charles Town||25,405,027||43,942,612||69,347,639|
|The Mardis Gras Casino||953,661||n/a||953,661|
|Wheeling Island Casino||554,844||n/a||554,844|
Penn National Gaming’s Hollywood Casino at Charles Town maintained its market leadership position as November wagers increased by 28 per cent to $25.4m, including $10.4m from DraftKings’ mobile sports betting app and $15.0m from retail sports betting.
The Greenbrier saw wagers soar 111 per cent to $17.9m, derived from mobile sports betting wagers of $16.9m from FanDuel and BetMGM, with retail contributing $944,472 in wagers.
The Mountaineer was the next biggest operator as wagers rose 3 per cent year-on-year to $3.7m, including retail wagers of $2.9m and online sports betting wagers of $821,116 from William Hill’s mobile app.
The Mardi Gras Casino generated wagers of $953,661, of which $779,379 came from retail and $174,281 from the Bet Lucky mobile app, while the sportsbook at Wheeling Island Casino contributed $554,844 in wagers, comprising $512,629 from retail and $42,216 from the Betly mobile app.
During November, a total of $43.5m was paid out in winnings during the four-week period, alongside $655,283 in voided bets, leaving the five sportsbook operators with total taxable receipts of $4.4m, an increase of 91 per cent versus a year ago.
Meanwhile, the state’s newly regulated iGaming market, with just two operators active during November, generated wagers of $72.6m, an increase of 37 per cent compared to the previous month.
Hollywood Casino and partner DraftKings generated iGaming wagers of $43.9m, with The Greenbrier contributing $28.6m through BetMGM’s online casino.
A total of $71.8m was paid out in iGaming winnings during the month, generating revenue of $2.1m for the two operators, an increase of 31 per cent month-on-month, comprised of $1.1m for Hollywood Casino and $913,964 for The Greenbrier.
The West Virginia market is expected to grow further from December following the entrance of New Jersey’s iGaming leader Golden Nugget through a partnership with The Greenbrier.
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