- Sports betting in West Virginia has struggled to garner much traction with the lack of sporting events available to wager on due to the coronavirus shutting down sports leagues.
- The overall betting handle has failed to surpass $500,000 in the month of April.
- The most popular sporting event that drew in the most sports betting activity was the NFL Draft.
CHARLESTON, W. VA. – West Virginia sports betting has suffered from the lack of sporting events due to the coronavirus shutting down major sporting leagues. The Mountain State’s betting handle has failed to even exceed the $500,000 mark in the month of April.
Sportsbooks in WV have been providing betting lines for Moscow table tennis, Belarusian soccer, and the recent NFL Draft.
Although betting handle has been slim, sportsbooks have still been profitable during this time, having been able to earn over $150,000 in revenue this month.
Low Sports Betting Handle
Many West Virginia sportsbooks have closed down and suspended operations due to the coronavirus. This can directly be contributed to the low betting handle totals in the Mountain State.
The week of April 18 has been the best in terms of betting handle in all of April. WV sportsbooks brought in $ 472,294.74 in wagers during that week. Most of that money can be attributed to the NFL Draft which occurred during that week.
Since land-based sportsbooks are closed, sports betting revenue is coming in exclusively from their three regulated online sportsbooks, FanDuel, BetMGM, and DraftKings.
Additionally, only two of the five retail sportsbooks in the state provide online sports betting.
These sportsbooks are The Greenbrier and Hollywood Casino at Charles Town Races. DraftKings is powered by Hollywood Casino and is outperforming The Greenbrier who offers both FanDuel and BetMGM.
Despite legal sports betting as a whole still proving to be a profitable outlet, it is noteworthy to see numbers of over $10 million in betting handle in February struggle to gain over $500,000 now. And with no sign of when sports will return, the numbers may only fall even lower.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.