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West Virginia online casinos generated an estimated $13 million in revenue in April, up 51.6% from one year earlier.
Month-on-month, revenue was down around $1.2 million, which is typically the case. March Madness tends to drive up revenue totals for casinos across the country, as they get an influx of gamblers at their brick-and-mortar and online locations.
West Virginia online gambling continues to grow
Online gambling is legal in six states. And, over the past two years, the revenue for that segment of gambling in the US has grown.
West Virginia is an excellent example of that. This past month, the state saw four consecutive weeks of revenue above $2.5 million. In April 2022, revenue exceeded $2 million twice. In 2021, West Virginia online casinos generated no more than $1.08 million in any week of April.
Speaking about year-on-year growth, the state’s April 2023 numbers were up 51% compared to the year before and 290.0% compared to April 2021.
| Month | Revenue | % Change, Annual |
|---|---|---|
| April 2023 | $13,031,086.09 | 52% |
| April 2022 | $8,598,548.74 | 157% |
| April 2021 | $3,341,266.94 | N/A |
| Total | 290% |
Charles Town and Greenbrier casinos lead the way
West Virginia is home to three casinos that own four online casino licenses:
- The Casino Club at The Greenbrier
- Hollywood Casino at Charles Town Races
- Mountaineer Casino, Racetrack & Resort
Greenbrier operates online casinos offered by FanDuel and BetMGM. Charles Town runs an online casino with DraftKings, and Mountaineer provides an online casino through PointsBet.
Having two online casinos has helped Greenbrier lead the state in online gambling revenue. To date, the casino has averaged $1.4 million in weekly revenue. Charles Town, on the other hand, has averaged $1.2 million a week since the beginning of the year. Mountaineer is a distant third, bringing in an average of $403,722 a week.
However, the past month has indicated that Charles Town may be the state’s new top revenue generator.
Charles Town has beaten Greenbrier’s revenue totals in four of the past five weeks, according to data from the West Virginia Lottery:
| Charles Town | Greenbrier | Mountaineer | |
|---|---|---|---|
| Week Ending 4/8 | $ 1,492,375.99 | $ 1,126,540.06 | $ 501,471.49 |
| Week Ending 4/15 | $ 1,181,996.75 | $ 1,174,498.36 | $ 491,884.82 |
| Week Ending 4/22 | $ 1,309,565.65 | $ 1,144,734.31 | $ 325,712.13 |
| Week Ending 4/29 | $ 1,261,139.94 | $ 1,709,433.13 | $ 428,789.38 |
| Week Ending 5/6 | $ 1,414,192.92 | $ 941,379.83 | $ 337,878.22 |
| Total | $ 6,659,271.25 | $ 6,096,585.69 | $ 2,085,736.04 |
What’s ahead for West Virginia online casinos?
Online casino revenue in West Virginia typically experiences a decline in April but holds relatively steady in May. For example, in 2022, May’s online gambling revenue was down less than $100,000 compared to April.
With that in mind, we expect West Virginia’s online casino revenue total to be anywhere from $12.5 million to $13.5 million.
