West Virginia shares sports betting figures

The West Virginia Lottery Commission shared early revenue figures from the sports betting segment and showed a modest launch of the segment, which produced US$25k through mobile apps.

US.- West Virginia has just launched sports betting mobile apps, which seem to have had a modest start. According to early figures by the Lottery Commission (the week ending August 31 —when main mobile apps launched—), the regulatory body revealed that they produced a total of US$25,035 in revenue in those seven days.

There was a total US$649k revenue from on-site sportsbooks operating at three of the state’s five casinos for the week. That amount absolutely dwarfs mobile apps’ numbers.

Nonetheless, West Virginia Lottery financials for the Sept. 6-8 weekend show sports betting mobile app revenue reached US$28.2k. Furthermore, it explained that upsets on NFL Sunday costed major losses for operators, which would’ve had higher revenues otherwise.

“The total handle was up with the start of the football season, as projected, and we expect the mobile app play to grow in future weeks,” said Lottery Director John Myers.

Early revenue

West Virginia is one of the states in the US that has legalised and regulated sports betting. Now, the state is enjoying the benefits of the industry, which reported US$704k in the first five weeks of the new fiscal year.

The sports betting market in West Virginia experienced a good start in the new fiscal year. Penn National Gaming’s Hollywood Casino at Charles Town Races is the leading facility in the state in the first five weeks of fiscal 2019-20.