Despite an up-and-down showing, the West Virginia online casinos had a quality month in September. They generated nearly $4.7 million in revenue, which was an increase of more than $200,000 from the previous month.
After posting a record in terms of monthly revenue with over $4.75 million in July, August saw a reduction.
The Mountain State casinos bounced back last month, though, even with an irregular revenue flow.
They earned more than $1.3 million in each of the first two weeks, while they failed to reach $900,000 in the following two. This included the best showing WV casinos have had in a single week with over $1.7 million.
The prior mark was around $1.5 million for the week of May 15.
Part of the reason online casinos were so successful was the increase in betting. September’s total handle almost hit $180 million, a climb of about $32 million from August.
This is the most wagers accepted in a month, surpassing June’s $153 million mark.
Casinos took in more than $40 million in weekly handle three separate times last month. They only did this once ever prior to September.
Let’s examine the month more closely and take a look at each individual casino.
WV Online Casino Revenue, September 2021
Although the revenue didn’t rise as much as the betting handle, it did increase by 5% from the previous month.
This is somewhat surprising considering there were several weeks with less than $1 million. However, the first two weeks carried enough of the workload to ensure a solid month.
For the first time since June, Hollywood Casino’s DraftKings WV led all others in revenue with more than $2.1 million. The online betting app narrowly defeated The Greenbrier’s two options by about $100,000.
It was a great month for DraftKings, which saw a lot of growth from August. It made about $500,000 more in revenue.
The online casino app had three weeks where it made at least $550,000.
FanDuel and BetMGM finished in a close second. They had an interesting breakdown this past month, with a couple of weeks varying by a wide range.
They earned over $1 million during the second week of September, compared to about $40,000 the following week. Overall, The Greenbrier’s two apps fell short of August’s production by around $400,000.
Even though it wasn’t the best month, that one massive week should provide optimism for the future. This was the first time the private resort topped seven figures in revenue for an individual week.
Mountaineer placed last, with its BetRivers WV at basically $500,000 for the month. The online casino continues to get better performances each month, this time taking in about $20,000 more than August.
It was fairly consistent throughout the four weeks, making over $120,000 three times.
WV Online Casino Handle, September 2021
Along with more revenue, WV casinos exceeded new heights in regard to monthly handle. Betting figures increased by an incredible 26% when comparing them to the month prior.
Not only did the online platforms take in a minimum of $40 million for three of the weeks, but two of them nearly totaled $50 million. The week of Sept. 18 fell just $345,000 short of that mark.
While it took a back seat to Hollywood for revenue, The Greenbrier maintained its position at the top for September handle.
Its two online casinos took in the most handle by a sizable amount, even though its earnings didn’t reflect it. FanDuel and BetMGM saw a total of nearly $95 million in handle in September.
This is about $24 million more than betting in August.
The online casinos reached $20 million in wagers every week, including over $27 million for the third week.
Hollywood and DraftKings were second again last month despite their sizable increase in handle. The betting app received around $11 million more in wagers for September by hitting over $71 million.
It also surpassed $20 million for a single week for Sept. 25.
Mountaineer and BetRivers were last, but they didn’t disappoint, either. Their handle was around $13.7 million last month after being closer to just $11 million in August.
BetRivers recorded at least $3.2 million in bets during September’s final three weeks.