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West Virginia increases sports betting revenue

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Penn National Gaming’s Hollywood Casino at Charles Town Race was once again the leading operator in September.

The operators in West Virginia have reported US$3.8 million in sports betting revenue during last month’s operations.

US.- West Virginia facilities have reported that in the four weeks to September 28, they registered US$3.8 million in combined sports betting revenue. During that period, punters wagered a total of US$25.6 million.

It seems like the start of the new season of the National Football League (NFL) has boosted operations for the sports betting industry in West Virginia. While US$25.6 million were wagered on sports in those four weeks, the number of winnings also rises to US$21.4 million.

Penn National Gaming’s Hollywood Casino at Charles Town Races, which features a sportsbook in partnership with DraftKings, was once again the leading operator in September. The facility generated US$2.6 million in revenues and US$17.9 million in handle.

Hollywood Casino posted US$1.2 million in revenue, while William Hill Sportsbook at Mountaineer Casino hit revenue of US$575k from US$3.5 million in bets. The Greenbrier also posted an increase in revenues and generated US$531k from US$4.3 million placed in sports bets.

Greyhound numbers decline

The two greyhound racing facilities in the state have reported declines in the past five years. Between 2014 and 2018, in-person wagering at the greyhound racing facilities declined 13%.

Wheeling Island Casino in Ohio County and Mardi Gras Casino in Kanawha County experienced the 13% decline in that period. The latter’s live wagers fell from US$4.1 million in 2014 to US$3.12 million in 2018, representing a 24% decline. On the other hand, Wheeling totalled US$10.1 million in 2018, a 9% decline from 2014’s US$11.2 million.

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