The online casino market in the Mountain State continues to grow. West Virginia casinos generated nearly $4 million in revenue during the month of March, a new best.
After topping $1 million in weekly earnings once in February, the state’s online casinos did so twice last month. They set a new record for profits in a single week with over $1.2 million for March 20.
For the month, revenue never dipped below $830,000. WV online casinos have earned at least that much for seven consecutive weeks now.
Part of what’s impressive about this growth is that there are still just two mobile options offered at the moment. DraftKings Casino WV and BetMGM Casino WV control the entire market, which launched last July.
The two of them accepted more than $123 million in online casino handle in March. This is over $6 million more than they did in the month prior.
Weekly handle reached at least $30 million twice, after having done so just once previously.
Let’s examine all of March’s online casino betting figures more closely.
WV online casino March revenue
The over $3.9 million in revenue from March is a 14% increase compared to February.
While February had a slow week to start the month, March was consistent throughout.
For the second straight month, BetMGM outperformed DraftKings in terms of revenue. The online casino earned over $2.2 million, whereas DraftKings was at just $1.7 million.
Although their revenue streams were both steady during March, BetMGM had several high-volume weeks. It made over $500,000 on two occasions, including March 20, when it profited about $725,000.
On the other hand, DraftKings never topped $500,000 in a week. Its best showing was also the week of the 20th, when it brought in almost $490,000 in revenue.
It took some time for BetMGM, but now it appears that the operator has fully caught up to its competition in WV. February was the first month that it surpassed DraftKings in revenue, so now March is the beginning of a streak.
Overall, it seems like the market is trending in the right direction. With over $1 million in earnings to close out each of the last two weeks, April could be an even bigger step forward.
Perhaps a few other online casinos will get closer to joining and expanding the mobile selection in WV, too.
WV online casino March handle
The state’s online casinos were also successful in taking wagers last month. They accepted over $123 million in handle, a rise of 6% from February betting.
Although WV casinos didn’t set a new record for weekly handle, they did come close. The about $38.8 million from March 20 was only around $600,000 short of matching their best week ever.
Despite making less revenue, Hollywood Casino and its DraftKings app comfortably took the top spot for handle. It totaled over $68 million in March.
The Greenbrier and BetMGM were right around $55 million in handle for the month.
While BetMGM has closed the gap over the last few months, it clearly still has work to do. It should be noted that DraftKings was the first to launch in the market and got a head start.
However, BetMGM’s revenue splits have been so impressive that if the online casino does equal DraftKings’ betting action, then it could hit new levels.
DraftKings almost took in a minimum of $14 million each week, with its best showing coming on March 20. It accepted about $23 million in bets that week.
BetMGM’s average was slightly lower, but it managed to have a great week of the 20th as well. The online casino saw its handle nearly reach $16 million.
Entering April, WV online casinos have now eclipsed the $700 million mark in bets and are on the cusp of $20 million in overall revenue.
