Online Casinos Broke Records in March, Bringing in Almost $20 Million in Revenue. Expect Further Expansion
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When West Virginian online casinos initially started operating in July 2020, things moved slowly.
However, iGaming in the Mountain State has been gaining momentum over time. And the industry hit a new high in March.
WV online casinos brought in an incredible $20.68 million in revenue last month, according to figures from the West Virginia Lottery. This is the first time the state has made $20 million since iGaming was introduced over four years ago.
Furthermore, West Virginia sports betting brought in $4.41 million while taking in $47.22 million in wagers.
Online Casino Revenue is Paced by DraftKings, BetMGM, and FanDuel
After more than two years, West Virginia’s licensees have not yet combined to earn more than $10 million in revenue from online casinos. Ever since they initially surpassed that barrier, they have only become bigger.
WV online casinos have broken monthly revenue records five times in the last six months, with February’s sum of $17.46 million being one of those marks.
A new high has now been reached. Additionally, West Virginia’s online casinos brought in around $3.1 million in state income.
With around $7.8 million in revenue, Hollywood Casino Charles Town’s license led the industry, supported by DraftKings Casino. With $7.2 million, The Greenbrier, which is home to BetMGM Casino WV and FanDuel Casino WV, was closely behind Hollywood.
Over $388 million in revenue has been generated by WV online casinos overall, and this has resulted in over $59 million in state tax income.
