West Virginia sports betting revenue soars
West Virginia posted sports betting revenue of US$13.8 million in the first six months of the fiscal year, primarily thanks to the retail segment.
US.- Wagering on sports is growing in the US and states are taking a profit. That’s why sports betting in West Virginia reached US$13.8 million in the first half of the fiscal year. During the six months, retail pushed the vertical forward and help rake such amount.
According to the latest reports, consumers spent US$144.5 million but won US$128.7 million.
At US$9.1 million, retail was the main driver for West Virginia and its sports betting revenue. Mobile revenue, on the other hand, reached US$5 million for the six months to late December.
Previous figures
West Virginia’s sports betting market experienced a great October: revenues from sports betting continue to increase in the state. The West Virginia Lottery Commission‘s figures show that sports betting revenue totalled US$4.6 million.
The US$4.6 million were registered in West Virginia in the four weeks through to October 26. The revenue comes from sports betting handle of both retail and mobile betting apps of US$29 million.
Retail sports betting is still the most popular sports betting vertical in the state, registering US$2.7 million in revenue and US$16.3 million in handle in October. Mobile betting reported US$1.8 million in revenue and US$12.7 million in sports betting handle.
The leading operator in October was Penn National Gaming’s Hollywood Casino at Charles Town Races. The facility’s sportsbook totalled US$3.5 million in sports betting revenue in October after processing US$19.1 million in bets.
