West Virginia Online Casino Revenue Drops Below $4 Million In June

Posted By Chris Imperiale on July 13, 2021 - Last Updated on July 19, 2021

It was another sluggish month for West Virginia online casinos. Combined, the four mobile platforms netted only around $3.9 million in revenue during the month of June.

That is down about $400,000 from the previous month.

While casino betting can have its slow weeks and lulls, this is surprising to see from the Mountain State’s market. The state just added two new platforms this spring with FanDuel Casino WV and BetRivers WV.

Typically, adding more operators and online casino options increases the amount of betting. Although figures were up in May, June has proven to be another disappointment.

WV casinos surpassed $1 million in weekly earnings only twice in June. They also saw revenue fall below the $900,000 mark for just the second time over a 10-week period.

The lack of June revenue is especially confusing considering WV casinos accepted more wagers than ever before. Handle reached almost $153 million for the month, about $15 million more than in May.

For the week of June 5, casinos took in nearly $44 million in bets. This was the first time they’ve ever topped $40 million in handle in one week.

Let’s take a deeper look at the WV online casino betting from June.

WV Online Casino Revenue, June 2021

Overall, the around $3.9 million in revenue from June was a 9% decrease from the month prior.

Along with having a slow week with about $895,000 in earnings to start the month, WV casinos never had a big week.

Their best showing came in the week of June 19 and totaled slightly over $1 million. In May, WV casinos had a week where revenue exceeded $1.5 million.

The Greenbrier and its two online casino apps led the way again, but by a significant margin this month. FanDuel, along with BetMGM Casino WV, combined for over $2.6 million in revenue.

After narrowly edging out Hollywood Casino in May, The Greenbrier took another step in June. Its online casinos beat out DraftKings Casino WV by about $1.6 million.

FanDuel and BetMGM earned around $500,000 more than they did in May thanks to three weeks of revenue reaching at least $630,000.

Unfortunately, Hollywood and DraftKings didn’t have a quality performance in June. The online casino netted just over $1 million, which was its worst month since October 2020.

DraftKings didn’t have a single week with over $400,000 in earnings.

Mountaineer Casino’s BetRivers finished last among active online casinos. It brought in around $290,000 in revenue, which was almost the exact same as a month ago.

It had its best showing in the first week of June, when BetRivers almost reached $100,000 in weekly income for the second time since launching.

WV Online Casino Handle, June 2021

Despite the monthly revenue dipping, June’s handle was stronger than ever. In comparison to May, WV casinos saw 11% more betting last month.

The almost $153 million in handle is now the new record for a single month. WV casinos totaled a minimum of $34 million in wagers in each week of June.

To no surprise, The Greenbrier led all others in handle, too. Its two online casinos took in just shy of $80 million last month. They topped $20 million in weekly handle on two different occasions.

This was a significant increase from the about $68 million BetMGM and FanDuel saw in May.

Even though Hollywood’s DraftKings app took a back seat in terms of revenue, it wasn’t far off when looking at handle.

The online casino almost reached $67 million in bets this June. Its handle hit $20 million for the week of June 5 but topped May’s overall total by only around $2 million.

Mountaineer finished third in regard to June handle. Its BetRivers app saw around $6.5 million in bets, which is about $700,000 more than its first month in the WV market.

The online casino brought in at least $1.4 million in handle in each week of June.

While June might not have been the best month for WV casinos, July should level things out. If DraftKings Casino can bounce back, then this month’s betting figures should be substantially improved.

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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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