West Virginia online casino operators produced $15.9 million in December revenue, a new monthly record. Operators had originally set the previous record in October with $15.5 million.
Online casinos in West Virginia are continuing to grow. The Mountain State may not post the numbers that Pennsylvania, New Jersey or Michigan does, but WV online casinos remain a strong market.
Online casinos deliver record revenue figures in December
The fourth quarter has been the strongest period by far for West Virginia online casinos. After struggling to eclipse $12 million in the summer months, the fall has been more than kind to operators. Here are revenue figures over the last four months:
- September: $12.7 million
- October: $15.5 million
- November: $14.4 million
- December: $15.9 million
The Mountain State has broken records twice, in October and last month. With December’s output of $15.9 million, West Virginia exceeded the $150 million threshold in 2023. The state generated $157.2 million in total revenue.
Here is a breakdown of the distribution of revenue among licensees and operators:
- The Greenbrier (FanDuel WV Casino, BetMGM WV Casino, Golden Nugget WV Casino): $7 million
- Hollywood Casino Charles Town (DraftKings WV Casino, Fanatics WV Casino, Hollywood WV Casino): $5.8 million
- Mountaineer Casino (Caesars WV Casino, BetRivers WV Casino): $2.6 million
- Mardi Gras Casino (Betly WV Casino): $508,991
New online casino providers take shape in West Virginia
December was the first full month for two new online casinos in West Virginia. Fanatics and Hollywood each launched new platforms in the Mountain State in mid-November.
Since the West Virginia Lottery breaks down revenue by licensee, it’s difficult to see the exact impact each app has on the market. The Hollywood Casino Charles Town licensee will be affected the most since Fanatics and Hollywood are each partners with the retail casino.
PlayWV reported last week that Fanatics had not created much of an impact as of yet, with one day of earnings missing. Since the entire month is now reported, here’s how Hollywood Casino Charles Town fared last quarter:
- September: $4.8 million
- October: $6.6 million
- November: $5.3 million
- December: $5.8 million
The licensee has experienced a fluctuation in revenue over the last several months, which is possibly due to the change in operators. With December performing better than November, perhaps it’s a sign that Fanatics and Hollywood are gaining traction in the market.
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Sportsbooks record $54 million in West Virginia total handle
West Virginia sports betting produced $54 million in December handle, the second-highest total of the year. Operators set the top mark of $56.4 million in November.
Sportsbooks have experienced maturity in the Mountain State as the sixth full season of football betting winds down. Here are the Q4 2023 handle results compared to Q4 2022:
2022
- September: $49.9 million
- October: $57 million
- November: $72.9 million
- December: $58.7 million
2023
- September: $44.5 million
- October: $47.7 million
- November: $56.4 million
- December: $54 million
It’ll be interesting to see what the sports betting landscape will look like in 2024, especially in the fall.
