The online casinos in West Virginia had a resurgent month of May. After seeing a decline in betting during April, figures rose back up last month.<\/p>\n
Overall, WV casinos generated over $4.3 million in revenue.<\/p>\n
This is now the most profitable month since the Mountain States online casino market launched in July 2020.<\/p>\n
It is also the first month in which the state offered four different online casinos. Both BetRivers Casino WV and FanDuel WV are relatively new to the rotation.<\/p>\n
BetRivers launched in April, while FanDuel went live at the beginning of May.<\/p>\n
They joined DraftKings Casino WV and BetMGM WV to have an impressive showing last month. The online casinos earned more than $1 million in three out of the four weeks.<\/p>\n
Their best performance came during the week of May 15. They netted over $1.5 million in that week alone.<\/p>\n
Online casinos also set a new record for total handle in one month with more than $138 million. This is about $23 million more than in April, and $15 million more than their previous best from March.<\/p>\n
Lets breakdown Mays online casino figures more closely.<\/p>\n
The more than $4.3 million earned in May was a 14% increase compared to the previous month.<\/p>\n
It could have been an even bigger month if the online casinos didnt have such a slow first week. They only brought in around $550,000. This was the first time weekly revenue fell short of $600,000 in 13 weeks.<\/p>\n
The rest of the month made up for it, though, with The Greenbrier leading the way in terms of revenue.<\/p>\n
Its two online casinos in BetMGM and FanDuel combined for almost $2.1 million in revenue in May. Oddly enough, they only made about $200,000 in the first week, but rebounded with over $900,000 the following week.<\/p>\n
The Greenbrier exceeded $2 million in revenue in March, as well.<\/p>\n
Hollywood Casino and its DraftKings app were close behind with more than $1.9 million. The online casino saw at least $275,000 in earnings each week, with its best showing around $585,000.<\/p>\n
After two straight months of about $1.7 million in revenue, this was DraftKings best month so far.<\/p>\n
Mountaineer Casino finished third with its BetRivers platform. In its first full month available in the market, it earned just shy of $300,000.<\/p>\n
The online casino didnt break $100,000 in a single week, but it was right there with about $97,000 for the week of May 22.<\/p>\n
BetRivers is likely to receive more betting action as it builds more of a customer base within WV. Each of the other three online casinos feature an online sportsbook in the state, too.<\/p>\n
In total, WV online casinos are responsible for over $29 million in revenue since releasing last summer.<\/p>\n
The overall betting handle took a sizable jump in May. The more than $138 million was a 20% increase from April betting.<\/p>\n
Online casinos accepted at least $32 million in each week of the month. They took in over $37 million during the first week for just the third time ever.<\/p>\n
Again, The Greenbriers two online casinos beat out Hollywood Casinos by the slimmest of margins.<\/p>\n
BetMGM and FanDuel totaled nearly $68 million in handle for the month. They took in a minimum of $15 million each week, including May 29 when wagers almost hit $20 million.<\/p>\n
The Greenbrier topped its performance from April by about $16 million.<\/p>\n
Hollywoods DraftKings Casino was around $65 million for handle last month. It also had a week that exceeded the $19 million mark.<\/p>\n
Although the betting figures remained tight in May, its just a matter of time before The Greenbrier separates itself. It seems like Hollywood will need to add another online casino skin in order to keep up.<\/p>\n
Mountaineer Casino accounted for nearly $6 million in handle from BetRivers. It saw at least $1.2 million in bets each week to close out its first full month.<\/p>\n
With the conclusion of May, the state passed $1 billion in total handle since going live.<\/p>\n
Now that there are more options available, betting should increase at an even higher rate moving forward.<\/p>\n
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WV Online Casinos Top $4.3 Million In May Revenue - Play WV<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The online casinos in West Virginia had a resurgent month of May. After seeing a decline in betting during April, figures rose back up last month Continue reading