West Virginia Online Casinos Endure Slight Drop In November Revenue With $5.9 Million

Written By Chris Imperiale on December 21, 2021 - Last Updated on December 29, 2021

After a record-breaking month in October that earned West Virginia online casinos more than $6.4 million, they took a step back in November.

The Mountain State’s casino platforms netted around just $5.9 million last month.

Although this is a slight dip from October, it’s still a very solid performance. Online casinos generated about $4.5 million in August, then $4.7 million in September.

So while this isn’t great news for operators within the state, it’s not the worst, either.

Combined, the five mobile apps brought in at least $1.3 million in revenue each week. Their best showing occurred during the first week, when online casinos saw almost $1.6 million in earnings.

They’ve made more than $1.2 million in nine consecutive weeks now.

Despite not increasing the revenue last month, the addition of Caesars Casino WV helped boost the monthly handle just enough. Casinos accepted just over $198 million, setting the new record by about $300,000.

They once again topped the $50 million mark twice for weekly betting, taking well over $53 million for the week of Nov. 27.

Let’s examine last month’s online casino figures more closely and see how the individual apps produced.

WV Online Casino Revenue, November 2021

Overall, revenue fell 8% compared to October betting. The only major difference between the two months was one crazy week.

WV online casino revenue hit over $2.1 million for a single week on Oct. 9. Otherwise, results were fairly consistent.

The Greenbrier held its spot atop the state in regard to online casino revenue. Even though it was about $400,000 shy of last month, the private resort led the way with just over $3.2 million in revenue.

The Greenbrier earned a minimum of $725,000 a week in November, with more than $900,000 in the final week.

Its two platforms, BetMGM WV and FanDuel Casino WV are bringing in profits regularly. They’ve totaled more than $600,000 in earnings for nine straight weeks.

Hollywood Casino finished second last month, as it also saw its revenue decrease a bit. Following two months right around $2.1 million, its DraftKings Casino WV came up just short of $2 million.

It started out the four-week period well with nearly $600,000 for Nov. 6; however, earnings dropped during the next two weeks.

Mountaineer failed to match its October with around $723,000. This was only about $7,000 less than the month prior.

Its new Caesars app, along with BetRivers Casino WV, had an interesting month with a lot of variation each week. They had two weeks exceed $200,000 in profits, including more than $260,000 for Nov. 20. They also had a sluggish week right before that, with around $83,000.

WV Online Casino Handle, November 2021

While revenue didn’t reach the previous month’s figure, overall handle did see a minor uptick. The over $198 million was a 0.2% increase from October.

After never topping $50 million in weekly bets until recently, online casinos have now done so five times in the last nine weeks. November’s final week of $53.6 million is the second-best showing throughout seven days.

There are some positive indications for the next month of betting, too. Handle actually grew in every week of November.

The Greenbrier also grabbed the top position for monthly handle. Its two online casinos took in nearly $105 million, which was about $2 million less than the month prior.

BetMGM and FanDuel never reached $30 million in handle, but they were over $26 million in three of the four weeks. It has now been 13 straight weeks with at least $20 million in wagers.

Hollywood placed second again, but its DraftKings app received more handle than October by the slightest amount. Its handle was at almost $71 million again, with about $27,000 more this past month.

DraftKings set a new high for a single week with more than $21 million to close out the month.

Mountaineer was a distant third at $22.3 million in total handle. This is an increase of around $2.8 million when looking at its productivity from October.

Caesars and BetRivers saw more than $4.3 million every week, including their best performance ever at just about $7.3 million. That week was an impressive surge considering they had never taken in over $6 million in weekly handle before.

As Caesars becomes more popular throughout the state, Mountaineer should continue seeing additional funds and get within range of the other two casinos in the market.

Photo by rawf8 / Shutterstock.com
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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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