Online casino revenue in West Virginia experienced a summer slide. However, operators reported $12.7 million in September revenue. It’s the first time the Mountain State eclipsed $12 million in earnings since June.
With the sports calendar starting to fill up and the holiday season approaching, it’s time for West Virginia online casinos to shine.
WV online casinos post solid revenue growth this September
After pouring in at least $13 million in online casino revenue in February, March and April, the Mountain State only recorded $12 million in revenue once over the next four months.
West Virginia online casinos finally got back to their old ways, generating $12.7 million in September revenue. The previous three months looked like the following:
- June: $12 million
- July: $11.4 million
- August: $11.6 million
The $12.7 million in revenue was an 18.7% year-over-year increase and a 9.5% month-over-month jump up.
The Greenbrier recorded the largest revenue total of any licensee. Here’s the distribution of revenue:
- The Greenbrier (FanDuel WV Casino, BetMGM WV Casino, Golden Nugget WV Casino): $5.7 million
- Hollywood Casino Charles Town (DraftKings WV Casino, PointsBet WV Casino, Barstool WV Casino): $4.8 million
- Mountaineer Casino (Caesars WV Casino, BetRivers WV Casino): $1.9 million
- Mardi Gras Casino (Betly WV Casino): $247,843
The trio of operators under The Greenbrier license have always led in West Virginia.
The West Virginia Lottery does not break down revenue by operator. However, it should be noted that FanDuel has likely surpassed BetMGM in online casino market share.
During the Global Gaming Expo (G2E) panel discussion in Las Vegas earlier this week, BetMGM CEO Bill Hornbuckle said it’s “not lost on us” that FanDuel and DraftKings are ahead of them, according to the Earnings + More newsletter.
While we won’t know the exact revenue totals from operators, FanDuel has picked up serious online casino momentum, and not just in West Virginia, but other states, too.
READ MORE ABOUT ONLINE CASINOS WV:
Online casinos West Virginia are looking forward to strong Q4
The summer slide West Virginia experienced isn’t too concerning. Q4 is when the gaming industry usually explodes, with the calendar filling up with all four sports and the holiday season nearing.
The Mountain State had a similar dip during the summer months last year, with Q4 being the state’s most profitable period. From July 2022 on, West Virginia revenue steadily increased each month to close the year:
- July 2022: $8.9 million
- August 2022: $9.6 million
- September 2022: $10.7 million
- October 2022: $10.7 million
- November 2022: $11.1 million
- December 2022: $12.1 million
If last year is any indication, West Virginia online casinos should be ready for a prosperous fall.
West Virginia sports betting handle sees rise as football season starts
September is also the end of the sluggish summer for West Virginia sportsbooks. After down months in June, July and August, West Virginia posted $44.5 million in handle, thanks to a full slate of NFL and college football.
For reference, summer handle consisted of:
- June: $23.7 million
- July: $22.3 million
- August: $24 million
Though sportsbooks saw a big month-to-month jump, which is to be expected, sports betting handle is down 10.8% year over year. September handle has dropped each year since 2020:
- 2020: $67.6 million
- 2021: $52.2 million
- 2022: $49.9 million
- 2023: $44.5 million
With this being the sixth full year with football betting, it seems West Virginia sportsbooks have hit their peak.
