During the first six months of operations, West Virginia sports betting reached US$10.1 million revenue.
US.- Sports betting continues to take over the US and it has already been legalised across several states. While many others decide whether they want to join in the market as well, those who already have are thriving on it.
West Virginia sports betting is an example as, during its first six months, it reached US$10 million in revenue. The state legalised the segment back in September and has already seen what benefits it brings.
Ever since it got approved, customers wagered US$99.3 million and won US$87.4 million.
The Hollywood Casino led the market, and totalled $68.6 million in stakes, from which it generated revenue of US$7.5 million. The second best was Mountaineer Casino, which reached US$1.2 million revenue from US$11.8 million in stakes. Wheeling Island Hotel-Casino-Racetrack was third with US$575k, followed by the Mardi Gras Casino and Resort’s US$515k and the Greenbrier US$352k.
West Virginia sports betting generated US$1.1 million in taxes for the state. US$855k went to state coffers and US$151k was used for administrative purposes.
The company could’ve topped the market but had trouble with a partner and got its operations hurt.
The conflict with the management company has hurt the casino operator, which hasn’t began operating yet. That forced it to sit out of the NCAA basketball tournament, in which Americans are projected to bet US$8.5 billion.
Delaware North informed the West Virginia Lottery Commission that it is taking steps to terminate its partnership with Miomni Gaming.