Online Casinos Hit Record $16.4 Million In January Revenue

Written By Corey Sharp on February 22, 2024 - Last Updated on February 23, 2024
Photo showing online casino gaming with chips and dice on a keyboard along with a stack of cash for a story about the Mountain State online casino market setting a new revenue record in January with over $16 million.

West Virginia online casinos set a new high mark for revenue in January. Operators recorded $16.4 million in earnings last month, topping December’s previous best of $15.9 million.

WV online casinos have been booming as of late, all while undergoing a series of turnovers. Prominent operators have left the market as others have stepped in, not missing a beat.

Mountain State operators set new revenue record last month

West Virginia online casinos started off 2024 with a bang and a record for the second straight month. Platforms delivered $16.4 million in January, a new all-time high. It’s the first time operators have exceeded $16 million in a single month.

Over the last several months, West Virginia online casinos have displayed the following revenue figures:

  • October: $15.5 million
  • November: $14.4 million
  • December: $15.9 million
  • January: $16.4 million

It’s evident the market is growing at a steady pace in the Mountain State. Here is the breakdown in revenue by licensee:


Online casino market appears stable in the Mountain State

Despite the strong performance, the end of 2023 was a bit volatile for the market, in terms of turnover.

PointsBet and Barstool left the state as Fanatics and Hollywood replaced them last November. After two full months of operation, players are now getting used to the new options as the platforms are starting to gain their footing.

January was the third time since April 2023 that the Hollywood Charles Town license finished ahead of The Greenbrier.

In December, PlayWV wrote that Fanatics had not yet captured a significant market share. Perhaps now, it means that the new operator is beginning to make some waves in the Mountain State.

Fanatics does have some enticing promotions to offer players. It rewards customers 0.5% of a slot wager and 0.13% of a table games wager in the form of FanCash, which can be redeemed as bonus bets or merchandise through Fanatics’ website.

The West Virginia market should continue to thrive going forward, especially as players start to experience a stable group of operators.

Mountain State sportsbooks show year-over-year increase

Despite the football calendar slowing in January, West Virginia sports betting produced $50.6 million in handle, which is a 2.4% increase from January 2023. The Mountain State also collected $4 million in revenue.

West Virginia sportsbooks have shown their maturity in recent months. Here is the handle comparing Q4 2022 and Q4 2023:


  • September: $49.9 million
  • October: $57 million
  • November: $72.9 million
  • December: $58.7 million


  • September: $44.5 million
  • October: $47.7 million
  • November: $56.4 million
  • December: $54 million

Sportsbooks experiencing a January increase from last year is actually somewhat surprising. However, don’t expect it to become a trend for future months.

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Corey Sharp

Corey Sharp is the Lead Writer at PlayWV bringing you coverage of the WV online casino market in the Mountain State. Corey is a 4-for-4 Philly sports fan and previously worked as a writer and editor for the Philadelphia Inquirer and NBC Sports Philadelphia.

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