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 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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