West Virginia Has Officially Reached A Sports Betting Handle Of $100 Million

• Opening Day and March Madness helped West Virginia sportsbook remain profitable.
• Mardi Gras and Wheeling Island are still in suspended operations from contractual disputes.
• The Sportsbook at Hollywood Casino is the clear industry leader in West Virginia.

CHARLESTON, W. Va. – Two sports betting outlets in West Virginia may still be temporarily suspended; however, the other three sportsbooks have kept the industry afloat.

Well, actually only the Charles Town Sportsbook at Hollywood Casino is doing their part, as they were responsible for 92.5% of the revenue for the last week of March.

Hollywood Casino Sportsbook at Penn National Race Course also accounted for a $2.4 million handle, which was almost 70% of the three sportsbooks in operation’s $3.44 million handle.

The last week of March notched the fifth-highest total weekly handle and second-highest weekly keep since the industry launched seven months ago.

March, in general, fared well due to the MLB’s Opening Day and the NCAA’s March Madness Tournament. The state was able to generate around $150,000 in taxable revenue.

The private sportsbook in West Virginia, The Greenbrier, recorded its highest handle since their November launch and their highest keep as well.

However, things weren’t so pretty for the other three books in the state.

Mardi Gras Casino and Wheeling Island Racino are still out of operation from their sportsbook supplier and its technology supplier disputing and ultimately negating their contract with each other.

Both of the Delaware North sportsbooks recorded $0 as a handle while paying out a combined $6,500 in outstanding wagers.

The Mountaineer Casino was able to generate a near $700,000 weekly handle; however, the gamblers came in focused, with the right wagers in mind. The book ended up paying out the players more often than not and lost $3,365 during the last week of March.

The total handle for West Virginia sports betting is listed at $99,317,644.38 which means the report reflecting the first week of April will have the state eclipse the $100 million mark. Over the time of their first seven months, WV has averaged a keep of just over 10% and has seen over $850,000 contributed to the state.

Looking forward to April betting, players will be focused on betting on the Masters, which takes place from April 11 to April 14. Also, the NBA and NHL Playoffs begin in mid-April and the betting month is concluded by prop bets for the NFL draft, starting on April 25.

With these four events, we wouldn’t be surprised to see another positive week in the legal West Virginia sports betting world. Assuming all five sportsbooks will be in operation soon, we could see a weekly handle in April eclipse $4 million, which has happened seven times in the last thirteen weeks.

News tags: West Virginia | West Virginia sports betting | WV revenue