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In May, West Virginia experienced a second consecutive month of declining sports betting handle, but an improved win rate resulted in nearly $3.5 million in revenue for operators. The total amount wagered in the state was $31.9 million, a double-digit decrease compared to the previous month. However, sportsbooks managed to hold 10.8% of the wagers, generating $294,361 in tax revenue.
Compared to April’s revenue of $2.8 million, May saw an increase as the state entered a period without football. Online sports betting accounted for $29 million of the total handle, while brick-and-mortar operators contributed $2.9 million. Online sportsbooks also achieved a higher win rate at 11.1%, compared to 8.4% for physical locations.
Among the operators, The Greenbrier emerged as the top performer, utilizing platforms such as FanDuel, BetMGM, and Golden Nugget. With a win rate of 11.6% and a handle of $13.3 million, The Greenbrier generated over $1.9 million in revenue, leading the state. Charles Town, in partnership with DraftKings, Barstool Sportsbook, and PointsBet, had the highest handle at $14.2 million but achieved a lower hold of 8%, resulting in $1.1 million in revenue.
Mountaineer, partnered with Caesars and BetRivers, held 5% of the $1.3 million handle, while Hollywood Casino at Charles Town achieved the best retail handle in the state at $1.8 million. With an 11% hold, it earned nearly $200,000 in revenue.
BetMGM Launches Mobile Sports Betting App in Puerto RicoBetMGM has launched its mobile sports betting app in Puerto Rico in collaboration with Casino del Mar at La Concha Resort. This […]
