After seeing revenue reduce for three consecutive months, West Virginia online casinos received a boost in July. They totaled more than $7.7 million in monthly earnings, their highest output since April.
July’s report showed plenty of improvement from the month prior, which finished with about $750,000 more in revenue. Unlike in June, weekly profits exceeded $2 million twice, with another week going over $1.9 million.
Their best showing came on the final week of the month, when WV online casinos generated more than $2.1 million. This was their best performance since the week of May 21.
While it was a solid month for revenue, the online casino handle set a new record in July. The Mountain State’s casinos accepted nearly $260 million in wagers, easily surpassing its prior mark of around $225 million in March.
Online platforms took in over an incredible $80 million for the week of July 16. This was by far their best week ever, as the state’s handle failed to reach $70 million in weekly bets before now.
West Virginia online casinos rake in $7.7 million in July
July was a solid bounce-back month for WV online casinos. They made well over $7.7 million, which is an 11% increase from the previous month.
They had a much more consistent four weeks last month, producing more than $1.9 million in three of the four reports. Their sluggish weeks were also an upgrade compared to June. The worst week in July at $1.6 million was still about $120,000 better than June’s slowest weekly showing.
As far as individual casinos go, The Greenbrier once again led all others. Its two online apps, BetMGM Casino WV and FanDuel WV, completed the month with $4.1 million in earnings, just ahead of their June pace. They took in about $60,000 more in July.
BetMGM and FanDuel also produced a consistent month, making a minimum of $930,000 each week. Their best week finished out the month with over $1.1 million.
Hollywood’s online casinos placed second in July, posting a revenue just shy of $2.5 million. DraftKings Casino WV and PointsBet WV had a resilient month, gathering over $320,000 more in profits. This is their best result since March brought in more than $2.5 million in revenue.
Surprisingly, the online casinos were up and down all July. They managed around just $280,000 during the first week of the month, then followed that up with over $825,000 the following week.
The last time Hollywood’s weekly earnings dropped below the $400,000 mark was in August 2021. The last report that showed a week above $800,000 was also a while back, from this past February.
DraftKings and PointsBet settled toward their median in the final two weeks, averaging about $685,000.
Mountaineer came in last again, but its online apps looked good last month. Caesars Casino WV and BetRivers WV were responsible for almost $1.2 million in revenue, up about $400,000 from June.
They made more than $250,000 in every week this July, maxing out at around $325,000 in the opening week.
WV online casino handle sets record in July
WV online casino handle reached new heights in July. The platforms took more wagers than in any previous month, easily topping the state’s prior record with more than $259 million in bets. This is a 19% boost when looking at June’s overall handle.
As mentioned, the week of July 16, with over $80 million in handle, carried a good portion of the action. Weekly betting had never hit $70 million previously and exceeded $60 million only four times during the entire 2021–2022 fiscal year.
Coincidentally, July featured two additional weeks with the handle besting $60 million to open and close the month, too. This all combined to create the casinos’ biggest month to date, beating their prior record from March by about 15%.
To the surprise of many, Hollywood Casino took control of the top spot regarding July’s handle. DraftKings and PointsBet Casino WV saw nearly $121 million in bets, which is an increase of around $42 million from the month prior.
They received at least $22 million in bets every single week in the month while surpassing $45 million the week of July 16. Before last month, Hollywood had never gotten to $30 million in weekly handle.
Their improbable showing helped dethrone The Greenbrier, which held the top place in both categories for quite a long time.
The private resort took a step back with its production, accepting about $3 million less than June’s handle, with almost $108 million. Its online casinos, BetMGM and FanDuel WV, never had a noticeably bad week, although they never reached their usual highs, either.
Their first two weeks were identical, generating over $27 million of the handle.
Mountaineer totaled slightly over $31 million in wagers, about $2.8 million more than in June. BetRivers WV and Caesars brought in close to $10 million in handle during the month’s initial week, the first time above $9 million since March.