West Virginia Men's College Basketball

  • West Virginia saw $50.7 million wagered on sports in March.
  • These figures show a 32.7% increase month-over-month.
  • March had WV sportsbooks post $4.7 million in sports betting revenue.

CHARLESTON, W.V. –  West Virginia saw major increases in sports betting activity for March as fans were placing tons of action on the games.

This uptick can be attributed to those wagering on the March Madness tournament with the bulk of wagers being placed on college basketball.

Mobile betting dominated in West Virginia for the second straight month, showing that legal sports betting fans prefer to place action at online operators.

March Madness

According to the official report released by the West Virginia lottery, $50.7 million was wagered on sports in March. This is a 32.7% increase from the $38.2 million wagered in February.

Sportsbooks saw $4.78 million in sports betting revenue, also up 250.5% month-over-month from the $1.3 million collected in February.

The bulk of the wagers came from mobile betting. More than $38 million of the total betting handle was made at online operations. This makes for two consecutive months that West Virginia saw mobile betting as its primary way to play to wager by gamblers in the state.

The NCAA Basketball Tournament spiked the betting by West Virginians in droves. Most action was being placed on the tournament which led to the recorded increase in betting activity.

In contrast, because no tournament was held in March 2020 due to COVID 19, the total betting handle was up 334.1% year-over-year. March Madness betting is truly one of the biggest sports betting events for the industry nationwide.

Sports betting revenue is expected to remain high for the foreseeable future in West Virginia. The remainder of the NBA season and subsequent postseason are slated to see plenty of wagers by fans

In addition, this summer sports bettors will have the 2021 Summer Olympic Games open with betting lines that will inevitably lead to even more action for West Virginia sportsbooks.

While the heights reached in March may subside slightly, West Virginia will continue to be a major player in the legal sports betting market in the months ahead.

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