- West Virginia sees a big dip in both sports betting activity and sports betting revenue in April month over month.
- Sports betting handle is down 47.7% and sports betting revenue is down 59.2%.
- The end of March Madness betting could attribute greatly to the loss in revenue and activity in April.
CHARLESTON, W.V. – The West Virginia Lottery Commission has officially released the April revenue report and it shows that there has been a big decline in both activity and revenue month over month.
While March Madness betting ending could be a major factor as to why sports betting has declined so heavily, West Virginia as a whole has struggled to maintain consistently high sports betting revenue numbers.
This could change going forward, as FanDuel is set to launch with the partnership between the sportsbook and The Greenbrier making It the fourth mobile betting app in the state.
West Virginia Betting Drop
Sportsbooks in the state collected $26,497,738 in betting handle, down from the $50,703,011 collected in March. The revenue in April was down to $1,952,028 from the $4,781,439 million in March.
West Virginia can celebrate the big growth in activity year over year, as 2020 saw the closing of major casino operations due to the COVID-19 pandemic leading to lockdowns.
Sports betting handle is up 793.6% from April 2020s $2,965,302 and revenue has seen a 159% bump from the $155,058 last year.
As stated earlier, the betting handle may boom once FanDuel is able to offer its mobile app in the state. The popular sportsbook is the national leader, and the new partnership with The Greenbrier will surely push it to the forefront of the local market.
Mobile betting has dominated most sports betting markets with both mobile and retail betting. West Virginia still sees a majority of its action come from land-based operations.
With a major sportsbook like FanDuel available for residents, the legal sports betting market could bounce back and see major growth for the market.
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.