West Virginia Sports Betting

Sounding Like a Broken Record, WV Sports Betting Falls Into The Red

West Virginia betting revenue for week ending May 11

West Virginia sports betting is currently at its lowest point since the state introduced legalized gambling. After posting its lowest overall handle since Oct. 2018 just a week ago, WV sportsbooks dipped further for the week ending May 11.

Although the total handle didn’t reduce all that much, it still decreased by about $85,000. The WV betting market hasn’t had much to be optimistic about in quite some time.

This week, the revenue also took a negative turn. After profiting more than $400,000 last week, the sportsbooks recorded a loss for the second time in three weeks.

Unfortunately for the casinos and sportsbooks, it doesn’t appear that anything will change until online sports betting makes its return to the Mountain State. It’s been more than two months since WV residents were able to place sports wagers on a mobile app.

Help is on the way, but the big question remains when exactly will new online sportsbooks be available in WV. The three reported to release at some point include:

This probably sounds like a broken record by now. However, it’s clear that WV sports betting won’t succeed like other markets until there is online wagering.

This week’s report includes activity from May 5-11 for all five WV sportsbooks:

WV Sports Betting Summary

Here are the latest figures released by the WV Lottery since WV sports betting revenue tracking began in August 2018:

  • Handle: $114,158,953.86
  • Revenue: $11,008,209.78
  • Taxes: $1,100,821.06

As mentioned, the week of May 11 was another tough one for sports wagering in WV. Handle dropped again to $2,210,385.39, a 4% decrease from the previous week.

Revenue figures took a similar lousy turn with the sportsbooks reporting a loss of $10,807.92.

WV sports betting revenue for the week ending May 11, 2019

CasinoHandleMobile Sports Betting RevenueRetail Sports Betting RevenueTotal RevenueTaxes (10%)
Hollywood Casino$1,631,646.73 N/A$25,052.98$25,052.98$2,505.30
Mountaineer Casino$536,437.16N/A$-38,982.10$-38,982.10$-3,898.21
The Greenbrier$42,301.50N/A$3,383.00$3,383.00$338.30
Mardi Gras CasinoN/AN/AN/AN/AN/A
Wheeling Island HotelN/AN/A$-261.80$-261.80$-26.18
Total$2,210,385.39N/A$-10,807.92$-10,807.92$-1,080.79

A Closer Look At WV Sports Betting Handle

The betting handle in WV continues to disappoint with only three retail sportsbooks available in the state. Figures seem like they will keep falling each week until online sportsbooks re-emerge.

With that being said, Hollywood Casino is the only sportsbook that’s holding its weight. Even though its handle of a little more than $1.6 million isn’t overly impressive, it’s a slight increase from last week and more than three times higher than any other sportsbook.

Mountaineer Casino finished second with around $540,000. Its handle declined about $100,000 from last week. This is now several-consecutive weeks its handle hovered around the same point.

The Greenbrier’s handle has also become stagnant. Despite its handle increasing almost $10,000, it only managed around $42,000 this week.

All three land-based sportsbooks are going to continue to struggle without an online option. WV has proven to be too much of a rural state, and gamblers won’t travel far distances to place casual bets.

Unless a new mobile betting app releases, expect the handle to keep disappointing.

Here’s how the WV sportsbooks rank for the weekly handle:

  1. Hollywood Casino ($1,631,646.73)
  2. Mountaineer Casino ($536,437.16)
  3. The Greenbrier ($42,301.50)
  4. Mardi Gras Casino ($0)
  5. Wheeling Island ($0)

May 11 WV sports betting handle

A Closer Look At WV Sports Betting Revenue

Revenue figures had a terrible week, too. After generating more than $400,000 in the last report, the sportsbooks came up negative this week.

Hollywood Casino led the way again, but only made around $25,000. Unfortunately, though, it is a substantial drop-off from a week ago when it produced more than $245,000.

The only other casino in the black this week is The Greenbrier. It continued its trend of pulling in around $4,000 for the third-straight week.

Mountaineer Casino had the most significant reduction of all. It lost close to $40,000 after making over $150,000 last week.

It appears that the Mardi Gras Casino might be caught up settling wagers as it reported no revenue. Wheeling Island still paid out around $250.

Sportsbooks are much more likely to have negative revenue when the betting handle drops so low. With two of the last three weeks in the red, it’s possible this is a sign of more to come.

Here’s how the WV sportsbooks rank for weekly revenue:

  1. Hollywood Casino ($25,052.98)
  2. The Greenbrier ($3,383.00)
  3. Mardi Gras Casino ($0)
  4. Wheeling Island ($-261.80)
  5. Mountaineer Casino ($-38,982.10)

WV sports betting revenue May 11

On the board for WV Sportsbooks

NBA Playoffs

The NBA playoffs are nearing completion as both conference finals series are several games in. The Golden State Warriors have dominated this round yet again, this time without help from Kevin Durant.

With the Warriors having a comfortable lead in their series with the Portland Trail Blazers, it’s time to look ahead to the NBA Finals.

The DraftKings Sportsbook in New Jersey has the following odds for both potential finals matchups:

  • Golden State Warriors -265
  • Toronto Raptors +210
  • Golden State Warriors -225
  • Milwaukee Bucks +180

NHL Playoffs

The Stanley Cup Playoffs are also close to the finals. The Boston Bruins have already locked up their spot as they wait for the winner of the Western Conference.

The St. Louis Blues will look to close out their series with the San Jose Sharks at home Tuesday night.

According to DraftKings NJ, here are the following odds to win the title:

  • Boston Bruins -152
  • St. Louis Blues +195
  • San Jose Sharks +680

French Open

The French Open tennis tournament begins this Sunday, May 26. A lot of familiar names will be looking to string together two good weeks of play to be crowned the champion of clay.

DraftKings NJ lists the following odds to win the men and women’s tournaments:

Men:

  • Rafael Nadal +110
  • Novak Djokovic +225
  • Dominic Thiem +600
  • Roger Federer +2000

Women:

  • Simona Halep +450
  • Kiki Bertens +900
  • Petra Kvitova +1500
  • Naomi Osaka +1500
  • Sloane Stephens +1600

About

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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