West Virginia Sports Betting Handle, Casino Revenue Rise In November
The online gambling figures for November in West Virginia have been released, and similar to the previous month, they indicate encouraging progress within the industry.
The West Virginia online casino industry continues to thrive, with the state’s sports betting handle showing a steady increase on a monthly basis. Let’s delve into the latest report provided by the West Virginia Lottery for a closer look.
West Virginia sports betting handle rises month to month
In the month of November, the citizens of West Virginia wagered nearly $70 million on sports, precisely $69,848,039.65.
In November, the sports betting handle in West Virginia saw a significant increase of almost $19 million compared to October. This means that sports bettors in the state wagered 36.5% more money during November than they did in the previous month, which had a handle of $51,118,726.
In West Virginia, sports betting thrives on football, making it the undisputed ruler of all sports. Thus, it is expected that the state experienced a surge in sports betting activity during November, as both NFL and college football seasons gained momentum.
Year-to-year WV sports betting handle declines by a lot
However, when comparing year to year, November’s sports betting handle experienced a decrease in 2024. In November 2021, the state recorded slightly over $83 million in sports bets.
It is important to mention that during the final week of November 2021, West Virginia experienced its highest sports betting handle in a single week. During that period, residents of the state wagered an astonishing $30.3 million.
The highest week in November 2021 was approximately $10.7 million greater than any other week. However, upon examining the remaining weeks, it is evident that the state’s 2024 record was not on course to exceed its 2021 numbers.
In summary, the sports betting handle in November 2024 experienced a decline of approximately 16% compared to November 2021. Several factors contributed to this decrease, including a reduction in promotional offers compared to the initial launch of sportsbooks and a period of decreased betting activity from bettors.
With the passage of time, the market will inherently find its own equilibrium.
Sports betting revenue dips slightly
In November, West Virginia’s sports betting revenue amounted to $5,017,553.59, slightly lower than the $5.06 million generated in October.
The sports betting revenue experiences a dip each year. Specifically, in November 2021, the monthly revenue from sports betting amounted to slightly over $6.2 million.
West Virginians prefer online sports betting to retail
For yet another month, November’s statistics reinforced the prevalent pattern observed nationwide, as sports bettors in West Virginia displayed a preference for online betting via their electronic devices instead of physically visiting a brick-and-mortar casino.
West Virginians placed bets totaling $60,806,491.44 using online sports betting apps in November. On the other hand, the state’s retail sports betting handle amounted to $9,041,548.21, resulting in a significant difference of $51.7 million.
In comparison to October’s numbers, West Virginia experienced a significant increase of nearly $19 million in its online sports betting handle. This surge comes as no shock, given that West Virginians have access to seven sportsbooks right at their fingertips.
These sportsbooks allow residents to place online bets.
- DraftKings
- Caesars
- BetMGM
- BetRivers
- FanDuel
- PointsBet
- Betly
Furthermore, West Virginia boasts a total of five retail sportsbooks.
- Hollywood Casino
- Mountaineer Sportsbook
- FanDuel at The Greenbrier
- Wheeling Island
- Mardi Gras
WV online gambling revenue rises from October
In November, the popularity of internet gambling in West Virginia continued, as bettors wagered a total of $311,166,800.49. Additionally, the industry paid out a significant amount of $300,834,027.79 to lucky winners during that month.
Ultimately, online gambling generated a total of $10,332,772.70 in revenue over the course of the month.
November’s online gambling revenue surpassed October’s by nearly $1 million, reaching a total of $10,414,045.22. Winners in October received a payout of $307,642,816.09 from the industry.
In October, the total amount wagered by bettors amounted to $317,057,861.31. As a result, November’s handle experienced a decrease of approximately 1.86%, equivalent to around $5.8 million.
Blackjack continues to lead in West Virginia
In November, the blackjack game was highly favored by residents of West Virginia. It generated an impressive revenue of $2,424,604, constituting approximately 32% of the overall industry’s earnings for the month.
In summary, the total revenue for West Virginia’s casino industry in November amounted to $7,680,202.81. This represents an increase of approximately $600,000 compared to the revenue in October.
Other than blackjack, roulette ($835,928.75), craps ($725,108), and mini bac ($666,550.25) stood out as the most popular games. This mirrored the trend observed last month.
In October, the top-grossing games were blackjack with $2.5 million, roulette with $928.128 million, craps with $711,629, and mini bac with $582,118.50 in revenue.
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