After having a relatively successful June and not-so-solid July, West Virginia online casinos recorded the second-lowest revenue month since the beginning of the year.
After seeing the state’s highest total of $14.3 million in March, WV online casino revenue has continued to decrease in the following order:
- April: $13 million
- May: $11.6 million
- June: $12 million
- July: $11.4 million
- August: $11.6 million
Month-over-month, August revenue numbers were up nearly 1.75% from July.
With college football returns and the NFL season, September will be a big pointer in seeing how long this decrease could last for WV online operators.
Greenbrier leads the way with $5.1M in revenue in August
Greenbrier has been the top performer of West Virginia’s four active casino operators throughout August. Here’s an entire scope of the distribution of the revenue and how Greenbrier compares to other licensees:
- Greenbrier licensees (which offers online casinos offered by FanDuel, BetMGM, and Golden Nugget) generated $5.1 million in revenue in August, with around 44% of the market share.
- Hollywood casinos (powered by DraftKings and PointsBet) generated $4.4 million in revenue with nearly 38% of the market share.
- Mountaineer, which uses BetRivers and Caesars, reported $1.8 million in August gaming revenue with a 15% market share.
- Betr, which launched under the Mardi Gras license in June, reported $349,897 in revenue in August, with a share of just 3%. The operator launched as the ninth WV online casino in August.
WV sportsbooks’ August handle and revenue drop yearly
WV sportsbooks show a slight increase in August sports betting handles compared to July. Namely, West Virginia sports betting handle throughout August was $23.96 million, a 7.44% monthly increase from July’s $22.30 million.
However, the figure is also a 16.09% yearly decrease from August 2022’s $28.55 million.
Meanwhile, WV sportsbooks generated almost $2.60 million in gaming revenue, a 4.55% monthly decrease from July’s $2.72 million. August’s revenue figure is also a yearly decrease of 24.89% from $3.46 million generated during the same period last year.
Given that the busy football season for WV sportsbooks has officially begun, we can expect to see these numbers rise.