West Virginia Sports Betting Drops in April, With Signs of Recovery

Spread the Word:

West Virginia sports betting sank in April, falling 47.7% from March Madness-filled handle, with sports betting revenue also dipping 59.2% for the month.

According to the report released by the West Virginia Lottery Commission, the Mountain State’s sportsbooks reported a combined handle of $26.49 in April, coming down to the earth from $50.7 million reported in March.

The operator revenue also plummeted to $1.9 million from the $4.78 million reported in March, as per the Lottery Commission’s report. The state generated $165,922 from the industry in April, compared to $406,422 in March.

West Virginia mobile sports betting handle also saw a 47.7% dip to $19.8 million from $38 million in March, almost proportionate to the overall handle decline month-over-month.

What Led to the Sudden Drop?

West Virginia reports its sports betting figures weekly, unlike most other legal sports betting jurisdictions that release monthly figures. The Mountain State’s April figure comprises four weeks, from April 4 to May 1. The March reporting period ran five weeks.

Besides, the sudden drop is due to March Madness, the biggest sporting event in the US, which ended at the beginning of April. The traditional lack of sporting activity in April also caused the shrink in the handle.

In fact, the unusual madness in the NCCA Men’s Division I Basketball Tournament led to a 250% increase in March sports betting revenue from February, with handle swelling 32.7% between the two months.

Huge Improvement Year-Over-Year

Though a relatively poor performance from the previous month, West Virginia sports betting handle improved significantly in the year-over-year comparison. Mountain State’s last month handle was up 793.6% from the $2.96 million wagered in April 2020, all of which came through mobile betting amid the pandemic-led closures of casinos.

West Virginia mobile sports betting also represents a 568.7% improvement year-over-year.

In addition, state’s revenue generation was also up 159% from April 2020 ($155,058) to April 2021 ($165,922).

Handle by Sportsbook

Among the five land-based casinos in Mountain State, The Greenbrier in White Sulphur Springs led the April handle with $12.23 million. Hollywood Casino at Charles Town reported the second-highest handle with $10.77 million. Mountaineer Park Casino in New Cumberland was the distant third with $2.2 million.

However, Charles Town was the only sportsbook in the state to top $1 million in April revenue, generating $1.21 million.

West Virginia iGaming Also Declines

Like sports betting, West Virginia iGaming also saw a similar declining trend last month. West Virginia iGaming reported $118 million in the handle, representing a 22.4% plunge from the $152.5 million recorded in March. April’s iGaming revenue also dipped 24.3% to $3.78 million in April compared to $4.99 million recorded a month prior.

However, with FanDuel’s joining the party, iGaming in West Virginia saw has seen improvement in early May. The New York-based operator has partnered with Greenbrier to launch the fourth online casino in the Mountain State.

Future of West Virginia Sports Betting/iGaming Industry

West Virginia online sports betting and iGaming industry is expected to grow in the foreseeable future, especially with the launch of FanDuel. The national leader in the sports betting industry, FanDuel will likely attract the West Virginia market that usually relies on retail sports betting operations.

FanDuel-Greenbrier alliance follows the April launch of Rush Street Interactive’s online casino in West Virginia as BetRivers.com.

From monthly handles to the frequent sportsbook launches, all these signs lead to the recovery, growth, and towards a better future for West Virginia sports betting.

Related News

Oregon State House
May 7, 2021

Oregon Sports Betting Handle, Revenue Increase in April

Oregon sports betting reported a handle of $25.3 million in April, witnessing a 5.3% increase from March which brought $24.1 million for the month. Even more significant was the sportsbook […]

read more
New Jersey sportsbook handle February
May 19, 2021

New Jersey Posts $748M Sports Betting Handle in April

Despite a typically slow month, New Jersey sports betting saw $748 million handle in April, representing a whopping 1270% year-over-year increase. However, the monthly handle was 13% down from March […]

read more
FanDuel Sportsbook in PA
May 22, 2021

Pennsylvania Sports Betting Fares Better with $479M Handle in April

Pennsylvania sports betting also witnessed a declining trend in April, reporting a 14% month-on-month decrease to $479 million for the month. However, amid a traditional spring slump, the Pennsylvania sportsbooks […]

read more
MGM Casino
January 22, 2021

MGM Drops Takeover Plans For Entain After Rejected $11bn Proposal

MGM Resorts International will not pursue a takeover of Entain after the UK-based gambling company rejected two recent bids. In Tuesday’s announcement, Las Vegas-based casino giant said it no longer […]

read more
New Hampshire map
June 6, 2021

New Hampshire Sports Betting Posts $46.7M in April Handle

New Hampshire sports betting also went with the flow of a slow month and reported $46.7 million in April handle, representing a 16.3% decline. March had brought in $55.8 million […]

read more
October 22, 2020

Illinois Casino Revenue Drops 30% in 2020

Illinois casinos have reportedly seen a drastic revenue drop of 30% in 2020 compared to the last fiscal year. The sudden plunge in revenue over the past eight months was […]

read more
Iowa sports betting
May 11, 2021

Iowa Sports Betting Handle Free-Falls to $118.4M in April

Iowa sports betting saw its largest single month-to-month drop in April from the record-setting handle in March since the August 2019 launch. According to the figures released Friday by the […]

read more
Nashville
June 2, 2021

Tennessee Sports Betting Posts 16.3% Decline in April Handle

Tennessee joined most other states with legal sports betting which saw declining handles and revenues due to lack of sporting activity in April. According to the latest figures released Tuesday […]

read more
Washington DC
May 24, 2021

DC Sports Betting April Reports Lowest Handle for GambetDC

DC sports betting handle reported April the lowest handle for its online sports betting structure operated by GambetDC. April handle saw a 30% month-over-month decline. The cause of the failure […]

read more
September 30, 2020

Nevada Revenue Drops As Other States Benefit from Online Gambling

Unlike other states that regulated and are now enjoying a decent revenue through online gambling, Nevada has remained largely empty-handed. So far the Silver State has only allowed online poker. […]

read more
Rhode Island
June 4, 2021

Rhode Island Posts $29M Sports Betting Handle in April

Rhode Island sports betting reported an expected decline in April, in line with most other legal sports betting states reporting the same for the month. According to the Rhode Island […]

read more
Ohio state capitol
April 7, 2021

Ohio Sports Betting Bill Expected By End of April

The Ohio legislature is expected to introduce a sports betting bill by the end of April following months of hearings from the stakeholders. Last Wednesday, the ninth and final hearing […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.