WV Online Casinos Rake In More Than $8 Million In April Revenue

Written By Chris Imperiale on May 24, 2022 - Last Updated on May 29, 2022
April revenue, West Virginia online casinos 2022

Even though the West Virginia online casinos didn’t match their record-setting output from March, they still performed well in April. They combined to produce more than $8 million in revenue, about $340,000 shy of the month prior.

April started extremely promisingly. Its first week featured the best seven-day showing in the Mountain State to date, as earnings topped $2.3 million.

Another new best would have been within sight if not for two slower weeks after that. Online casino apps failed to reach $1.9 million in both weeks to follow. They did surpass $2 million in profits again in the final week of April to solidify another quality month of over $8 million.

Through the latest report, WV online casinos have now seen at least $2 million in revenue in eight of the last 14 weeks.

The state’s betting handle saw similar results. It totaled around $210 million for April, coming up about $15 million short of March’s record.

Again, the first week was massive, as online casinos accepted more than $60 million in bets for a single week for just the third time. Gambling was reduced for the rest of the other weeks, but overall, it ended up being a solid month.

WV online casino revenue, April 2022

While revenue didn’t quite hit its best mark, April’s figure is only a 4% decline compared to March.

The opening week sum of over $2.3 million beat the previous seven-day best from the week of March 19 by almost exactly $100,000.

As far as individual casinos, The Greenbrier is again at the top for April revenue. Its online platforms generated more than $4.5 million in earnings.

This is around $200,000 less than in March.

BetMGM Casino WV and FanDuel WV broke their streak of consecutive weeks with more than $1 million in revenue at nine. They came up around $5,000 below that mark for the week of April 16.

That was the only weekly instance the online casinos didn’t earn at least $1 million last month, though.

Hollywood Casino’s online apps witnessed similar production to the month prior. DraftKings Casino WV and PointsBet WV brought in about $2.4 million in revenue. This is close to $130,000 less than in March.

It appears as if Hollywood is still a ways behind the leader in the state. Its online casinos’ best week barely topped $700,000. Each of the three other weeks finished with right around $550,000 in profits.

Mountaineer also completed April with nearly identical revenue figures to the previous month. Caesars WV and BetRivers WV almost hit $1.1 million, within $12,000 of March.

The online platforms didn’t exceed $400,000 in earnings like last month, but they were more consistent. They made a minimum of $245,000 every week.

Through April, WV has now produced over $70 million in online casino revenue during this current fiscal year.

WV online casino handle, April 2022

The overall betting handle fell in April, but by only 6% when looking at the market’s incredible showing in March.

After the impressive opening week that reached $61 million, the remainder of the month hovered right around $50 million in weekly bets.

FanDuel and BetMGM approached last month’s pace, accumulating over $111 million in April handle. This was about $2 million in range of their record.

Their best week started the month with roughly $30 million.

Hollywood placed second; however, its betting decreased for the third straight month. Its online casinos received $73 million in April wagers, down about $7 million from March.

DraftKings and Pointsbet’s opening week was solid, with well over $23 million. The handle fell off drastically, though, totaling only slightly more than $15.9 million the next week. This was the slowest week of betting for the apps since November 2021.

Mountaineer took a step back from last month, posting a handle near $26 million. That is a $6 million drop from the month prior.

Again, the trend continued as Caesars and BetRivers saw more action during the first week than any other. The casinos took in over $7.9 million in handle before topping out at basically $6.5 million the rest of the way.

The state’s handle for the fiscal year just passed $2.1 billion, with two more months still to go.

Photo by Fer Gregory/Shutterstock
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Chris Imperiale

Chris Imperiale is currently the Managing Editor of Catena Media's US online lottery site, PlayiLottery. He used to be the Managing Editor of PlayWV, covering the sports betting and online casino industries in the Mountain State. He has a journalism degree from Rutgers University and was formerly on staff at Bleacher Report.

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