West Virginia Online Casino Revenue Tops $8.3 Million In March

Written By Chris Imperiale on April 30, 2022 - Last Updated on May 23, 2022
WV online casinos revenue breaks records

West Virginia online casinos broke their previous record for revenue in one month by exceeding $8.3 million in March. February was the first time that earnings hit $8 million before they almost reached $8.4 million in the latest report.

Overall, revenue increased by about $360,000.

The online platforms in the Mountain State generated more than $2 million in three of the four weeks. This came close to matching the number of times online casinos saw $2 million in weekly revenue before the month started.

While the final week of March dropped below that mark, it was still a strong showing of around $1.9 million.

The online casinos’ best week came on March 19, when betting apps took in over $2.2 million. This set the new best for any week, surpassing Feb. 19’s figures by about $17,000.

The Mountain State’s online casinos produced a new record for the monthly handle, too. They accepted over $225 million last month, beating December’s action by around $1.5 million.

For only the second time ever, the casino apps took in over $60 million in a single week following their production on March 5.

West Virginia online casino revenue, March 2022

The overall revenue in March increased by about 5% from the previous month. If the WV online casinos continue to earn more than $2 million every week, then they’ll keep setting more high marks.

The Greenbrier remains ahead of all others providing online casinos, as its combination brought in over $4.7 million in revenue last month. BetMGM Casino WV and FanDuel WV saw more than $1 million in each week of the month for the first time.

This total outperformed their February revenue by about $500,000. Their first week of March nearly matched their best showing ever with around $1.3 million.

Revenue hit almost $1.5 million during a week in October 2021.

Hollywood Casino and its online apps finished second but had disappointing results in March. DraftKings Casino WV and PointsBet WV made slightly over $2.5 million, which is a drop-off of about $400,000 from February.

The online casinos managed more than $700,000 in profits only once in February, compared to three times in the month prior.

For whatever reason, DraftKings and PointsBet’s revenue got worse throughout the month, decreasing each week.

While Hollywood had an off month, Mountaineer flourished.

Caesars WV and BetRivers WV totaled just over $1.1 million in revenue. This was a jump of about $250,000.

After exceeding $300,000 in weekly earnings only once before March, they did so twice last month. The week of March 19 reached $440,000.

Perhaps this is a sign that Mountaineer will begin to challenge its competition within the state going forward.

West Virginia online casino handle, March 2022

Even though the betting handle improved by only around 1%, it did set a monthly record, with over $225 million in wagers. This is about $3.2 million more than online casinos took in during February betting.

Not only did they top $60 million in the opening week, but they also accepted at least $55 million in two additional weeks.

The Greenbrier again led all others, with its edge in betting handle growing. FanDuel and BetMGM witnessed over $113 million in March wagers, around $3 million more than in February.

Even though the apps never exceeded $30 million in weekly bets, they were more consistent this month. Their worst week was still over $26 million.

The private resort’s advantage over Hollywood is getting larger, though.

DraftKings and PointsBet failed to hit $80 million in March, coming up around $5 million short of the last report. They brought in well over $23 million in the first week of the month; however, things declined after that.

The betting handle ended up around $18 million and $17.5 million in the final two weeks. The last time it fell below that figure was in November 2021.

Hollywood was the only one to struggle, as Mountaineer posted a solid month as well. Its apps totaled a little more than $32 million in bets in March.

Caesars and BetRivers eclipsed the $9 million point for the first time in a single week with around $9.6 million in handle for March 19. They also raised their floor, as their slowest betting week still managed to bring in over $6.3 million.

It’s clear that WV online casino betting is becoming more popular, and it appears as if upcoming months will keep seeing continued growth.

Photo by Marko Aliaksandr/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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