WV Online Casinos On Pace For Nearly $150 Million In Yearly Revenue

Written By Corey Sharp on October 14, 2023 - Last Updated on October 16, 2023
Image of chips on a keyboard for a story about West Virginia online casino revenue approaching a new record for 2023.

West Virginia is going to have a record-breaking year for online casino revenue, it’s just a matter of time. The Mountain State should come close to $150 million in yearly earnings in 2023. With a strong last quarter, it could even eclipse that mark.

West Virginia online casinos have been on fire this year, but revenue still doesn’t come close to some other larger states in the industry. However, we can measure West Virginia’s percentage increase to see a better comparison.

West Virginia online casinos to break state revenue record in 2023

West Virginia operators have already generated $111.5 million in revenue through September. After last month’s total of $12.7 million, West Virginia online casinos are averaging $12.4 million per month.

Overall, the state is on pace to record $148.7 million in revenue this year, which would easily break last year’s total of $112.6 million.

West Virginia’s total revenue has slowly climbed over the years:

  • 2020: $7 million
  • 2021: $55.8 million
  • 2022: $112.6 million
  • 2023: $148.7 million (on pace)

To exceed the $150 million point for the year, online casinos would have to average $12.83 million in revenue over the remaining three months. That number is certainly attainable, as the Mountain State has recorded at least $13 million in monthly revenue three times this year already.


Where do WV casinos online rank among other states?

To save some of the suspense, West Virginia online casinos do not come close to states such as Pennsylvania and New Jersey.

Pennsylvania has already made $1.33 billion in online casino revenue through August, with New Jersey and Michigan not far behind at $1.24 billion each in yearly revenue so far.

While West Virginia doesn’t stand a chance against the $1 billion markets of other states, we can measure its growth percentage.

Since 2020, here is West Virginia’s rate of growth for online casino revenue:

  • 2020 to 2021: 697.1%
  • 2021 to 2022: 101.8%
  • 2022 to 2023: 32.1% (on pace)

Let’s compare the numbers to Pennsylvania, New Jersey and Michigan:


  • 2020 to 2021: 79.2%
  • 2021 to 2022: 29.5%
  • 2022 to 2023: 19.8% (on pace)

New Jersey

  • 2020 to 2021: 41%
  • 2021 to 2022: 21%
  • 2022 to 2023: No change (on pace)


  • 2021 to 2022: 27.1%
  • 2022 to 2023: 4.4% (on pace)

There are some caveats to consider when comparing West Virginia to other states. West Virginia launched online casinos in the second half of 2020, which is why the growth percentage increase in 2021 is so large. However, after that, it does appear that the Mountain State is in line with the others in regard to online casino growth.

Since New Jersey has had online casinos since 2013, it’s getting harder for the Garden State to expand its revenue. On the other hand, Pennsylvania and Michigan have continued to grow over the years.

There’s no reason why West Virginia shouldn’t do the same into 2024 and beyond.

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Corey Sharp

Corey Sharp is the Lead Writer at PlayWV bringing you coverage of the WV online casino market in the Mountain State. Corey is a 4-for-4 Philly sports fan and previously worked as a writer and editor for the Philadelphia Inquirer and NBC Sports Philadelphia.

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