In August, the revenue generated by online casinos in West Virginia experienced a slight decline, falling just below $4.5 million.
While it is not considered a poor performance, there has been a slight decrease in comparison to the betting figures of July. The online options in the Mountain State generated over $4.7 million in the previous month.
There was a decrease in revenue of approximately $280,000.
Although it may be considered a minor setback, it is unexpected for a market that has experienced recent growth. The state introduced four new online casino platforms in May.
In August, the revenue remained steady once again, although it was not as efficient as the previous month.
In July, WV casinos achieved weekly revenue exceeding $1.2 million on two separate occasions, however, in the following month, this milestone was not reached. Additionally, there was a week in which profits dipped below $1.1 million, a situation that did not transpire in July.
Although revenue fell slightly below expectations, there was a notable improvement in August’s handle. The overall handle increased to nearly $142 million, surpassing July’s figure by approximately $6.2 million.
In comparison, the current figure falls significantly below the approximately $153 million wagered in June.
In July, online casinos amassed a staggering sum of more than $39 million in just one week, surpassing the highest weekly earnings in August which amounted to a mere $37 million.
We will now delve deeper into the wagering activities of last month and examine the performance of each individual online casino.
WV Online Casino Revenue, August 2021
While it wasn’t a poor month, the revenue of almost $4.5 million experienced a 6% decline in comparison to July.
Despite not having a spectacular week, online casinos have managed to achieve consistent revenue figures in the seven-figure range for nine consecutive times. The only exception was the week of June 26, when earnings reached approximately $975,000, falling just short of the $1 million mark.
The Greenbrier once again secures the highest rank in terms of overall revenue for the second consecutive month. The collective earnings from BetMGM Casino WV and FanDuel WV, totaling nearly $2.4 million, contributed to this achievement.
The production witnessed by the private resort in July was essentially identical. However, the online casinos experienced a decrease in revenue, with a difference of approximately $50,000 this month.
While August earnings may have fallen slightly below expectations, BetMGM and FanDuel experienced a remarkable week. They recorded a total of over $680,000 in revenue during the week of August 14, marking the highest amount achieved in over two months.
The online casino generated revenue of slightly over $1.6 million, surpassing Hollywood Casino and its DraftKings WV mobile app.
In comparison to last month, this production has declined. In July, DraftKings was approximately $1.9 million.
After achieving this milestone twice a month ago, the weekly revenue never surpassed $500,000.
Despite being the lowest performer among online casinos, Mountaineer was able to achieve an increase in revenue with its BetRivers Casino WV, surpassing $480,000.
Last month’s amount was surpassed by approximately $40,000.
During each report in August, BetRivers made at least six figures, with its most successful week bringing in over $130,000.
WV Online Casino Handle, August 2021
In comparison to July, the overall online activity of the Mountain State witnessed a 4% increase.
Despite never exceeding $38 million in weekly wagers, betting remained steady in August, with online casinos consistently earning a minimum of $34.7 million each week of the month.
In addition to achieving the highest revenue, The Greenbrier also reclaimed its position as the leader in betting handle. The total amount of bets placed reached over $71 million, surpassing last month’s figure by approximately $8 million.
BetMGM and FanDuel, two platforms, accumulated over $17 million in bets each week. In the week of Aug. 21, they came close to reaching a handle of $19 million.
The Greenbrier’s combination of wagers exceeded that of Hollywood and DraftKings, coming in at approximately $60 million. However, this fell about $4 million short compared to its production in the previous month.
In August, DraftKings did not reach $16 million in a week, whereas in July, its handle exceeded $17 million twice. The online casino’s highest achievement was nearly $16 million, which also took place during the third week of the month.
In the monthly rankings, Mountaineer secured the third position despite observing a surge in betting activities. The BetRivers app, operated by Mountaineer, witnessed a significant increase in total bets, reaching an impressive amount of over $11 million. This marked a notable rise of approximately $2 million compared to the previous month of July.
The online casino witnessed a weekly betting amount of no less than $2.6 million, with a remarkable milestone of surpassing $3 million for the first time.
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