WV Online Casinos Set New Record, Exceeding $4.7M In July Revenue

West Virginia Online Casinos Set New Record, Exceeding $4.7 Million In July Revenue

Posted By Chris Imperiale on August 12, 2021 - Last Updated on August 15, 2021

West Virginia online casinos had a resurgent month of July, topping $4.7 million in revenue. The profits from last month were over $800,000 more than in June.

This incredible month beat out the Mountain State’s previous best month of around $4.3 million in May.

It seemed it was only a matter of time before the state started seeing increased revenue from its online casinos. The WV market expanded to four platforms in early May.

June turned out to be a slow month for betting for whatever reason, but July made up for it. For the first time since the market launched, WV casinos saw at least $1 million in each week of a month.

They earned more than $1.2 million twice, including their best week of almost $1.3 million in the week of July 24.

Last month was the first in fiscal year 2022 for the WV Lottery. June ended 2021 with online casino revenue totaling nearly $34 million.

Oddly enough, WV casinos were able to generate plenty of revenue with fewer wagers than in the previous few months. Online handle reached only about $135 million in July, which was around $18 million short of June’s production.

Overall, online bets in 2021 fell just shy of hitting $1.2 billion.

Let’s take a closer look at the July revenue figures and how the individual operators performed.

WV Online Casino Revenue, July 2021

Revenue took a sizable jump up in July. The over $4.7 million in earnings is a 22% increase over the month prior.

This was by far one of the most consistent months for WV casinos. They were able to avoid a sluggish week, which they usually see once a month.

The Greenbrier and its two online casinos led the way again; however, they failed to match their revenue from June.

BetMGM Casino WV and FanDuel Casino WV combined for more than $2.4 million, which was about $180,000 less than June.

The two online casinos took a slight step back, but they made at least $600,000 in three of the four weeks.

Hollywood Casino and its DraftKings Casino WV finished second in July.

After a discouraging month, DraftKings recovered nicely. It earned almost $1.9 million in revenue, basically doubling its June output.

The online casino topped $500,000 twice but also had a rough showing of just $330,000 to finish the month.

This was an impressive month for DraftKings, as it helped close the gap between Hollywood and The Greenbrier. Of course, the private resort featuring two mobile platforms has an advantage now and moving forward.

Despite coming in last, Mountaineer Casino had a great performance. It earned around $440,000, a sizable boost from June.

Its BetRivers Casino WV took in about $150,000 more in July revenue. One of the newer casino apps in the state, it had reached the six-figure mark for weekly revenue only twice previously, but then matched that just last month.

BetRivers’ final week of July saw more than $160,000 in profits.

WV Online Casino Handle, July 2021

Although WV casinos had a great month in terms of revenue, the overall handle dropped from months past. It fell 11% from last month, with only $135 million in bets in July.

This could be looked at as a negative, but it’s actually quite notable that the market earned so much with this handle.

WV casinos accepted at least $30 million in bets for the 14th consecutive week. They failed to have a week with over $40 million, though, while June saw one with around $44 million.

Surprisingly, Hollywood and its DraftKings app led all others in handle for the month. It narrowly defeated The Greenbrier’s two platforms by about $260,000.

DraftKings took the top spot with around $63.4 million, compared to BetMGM and FanDuel at closer to $63.1 million.

Even though this is considered a win for DraftKings, betting was down at each of the online apps.

In June, DraftKings took in $67 million, and The Greenbrier totaled almost $80 million.

Both had slower weeks with fewer than $13 million in wagers over the course of July. DraftKings Casino was more consistent with weekly handle; however, The Greenbrier had the best single week, with well over $19 million the week of July 17.

Mountaineer Casino’s Bet Rivers was the only online option that saw more action last month. Its handle nearly hit $9.2 million, which was an increase of about $2.7 million from June.

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Chris Imperiale

Chris Imperiale covers sports betting and the online casino industries. He has a journalism degree from Rutgers University and was formerly on staff at Bleacher Report.

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