West Virginia's October Handle Falls Despite Busy Sports Month

October in West Virginia wasn't what operators were hoping for, with month-over-month sports betting handle dropping 14% to just $42.6 million despite a jam-packed sports calendar.

Nov 27, 2023 • 16:26 ET • 4 min read
Garrett Greene West Virgina Mountaineers Big 12 college football
Photo By - USA TODAY Sports

One of the busiest legal sports betting months of the year didn’t bring increased action to the Mountaineer State. 

The West Virginia Lottery announced earlier this month an October handle of $42.6 million. It wasn’t what operators were hoping for following a slow summer. 

While September figures showed signs of life, October represented 14% less handle than the previous month, despite the NFL, college football, MLB playoffs, NHL, and NBA coinciding. The handle also fell 32% year-over-year. 

While action slowed, revenue rose. Thanks to an impressive 14.3% hold for online sports betting operators and retail sportsbooks, profits jumped 28% month-over-month to $6.1 million in October.

Revenue was about 9% less than the amount sports betting in West Virginia brought in for the same month in 2022, but the win rate jumped over 3.5 points. The Mountaineer State generated $521,019 in tax revenue from sportsbooks. 

Online operators claimed 88% of the total handle and $5.7 million of the revenue from a 15.2% hold. Retail sportsbooks produced an 8.4% hold on a handle north of $5 million. 

Greenbrier shines online, loses in retail

The Greenbrier, which is tethered with FanDuel, BetMGM, and Golden Nugget, recorded an online handle of $19.2 million in October. 

Charles Town’s partners DraftKings, PointsBet, and Barstool Sportsbook, which transitioned this month to ESPN BET, took in $19.2 million in West Virginia sports betting handle.

Caesars and BetRivers brought in $2.2 million in wagers to Mountaineer Casino. 

On the retail side, Greenbrier finished with a loss of over $110,000. Charles Town had the highest handle with $2.4 million wagered while Mountaineer enjoyed a 26% hold that produced $218,000 of revenue. 

Pages related to this topic

Popular Content

Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo