The Mountaineer State’s legal sports betting operators continue to struggle to get action.
According to the West Virginia Lottery, sportsbooks recorded an August handle of $19.9 million, about 5% less than July. It marked the fifth consecutive time that online betting sites and retail combined wagers have fallen month-to-month. Revenue also slipped 8% to $2.3 million.
The saving grace for West Virginia sports betting in the last two months has been the hold. Sportsbooks posted an August win rate of 11.7%, just slightly lower than the 12% in July. West Virginia operators paid out $198,654 in taxes, down from $213,519 in the previous month.
Online sports betting made up $17.6 million of the total handle and $2 million of the revenue, while retail sportsbooks posted a higher hold of 12.2% than mobile operators in August.
Greenbrier hauls in over $1 million in online revenue
Charles Town — which uses DraftKings, PointsBet, and Barstool — came in a close second with a handle of $7.8 million. However, a substantially lower hold of 8.3% produced revenue of a little over $655,000. Charles Town also reported the state’s best retail handle of $1.5 million and rode an 11.8% hold to nearly $180,000 in revenue.
Changes to the landscape
Betly Sportsbook, which shut down for about six weeks, launched its new sportsbook and online casino app in August and took in over $258,000 in wagers with a reported revenue of around $22,700. Lastly, WynnBet is ending West Virginia operations, the online operator announced last month.
We regret to inform you that WynnBET will be closing its operations. As of August 11, 2023, WynnBET will no longer be accepting bets or allow igaming wagering in the following states AZ, CO, IN, NJ, TN, VA, LA, WV.— WynnBET (@WynnBET) August 11, 2023
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