In September, WV Online Casinos Top $12M Revenue For First Time Since June

Written By Corey Sharp on October 11, 2023
Image of money and gaming chips for a story about West Virginia online casinos recording over $12 million in September revenue.

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 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.


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.

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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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