After experiencing a $1 million decline in their overall betting handle, West Virginia sportsbooks made a remarkable recovery, achieving their most successful week to date. During the week of October 26, sportsbooks in the Mountain State amassed nearly $8 million in wagers.
Their new total handle surpasses their previous best by approximately $100,000, amounting to over $7.8 million.
Although retail books earned a respectable $4.3 million, the online sportsbooks truly shined this week. The state’s two available online sports betting apps, DraftKings and FanDuel, collectively received an impressive amount of over $3.5 million in bets.
The online platforms have delivered their finest performance yet, surpassing their previous record by over $225,000. Despite a few exceptions, the mobile betting numbers in the WV sports betting market show consistent growth week after week.
This week, West Virginia sportsbooks experienced a significant increase in revenue after a previous decline. After earning slightly less than $600,000 last week, their revenue figures rebounded and surpassed $1 million.
Sportsbooks have earned an impressive revenue of nearly $1.4 million, marking the highest amount generated in a span of seven weeks.
The full potential of sports betting in the state is being realized, primarily due to the availability of online wagering and the ongoing college football season.
The WVU Mountaineers and Marshall Thundering Herd are still the most sought-after teams at sportsbooks, but there is also a lot of excitement building up in other areas. The NFL season has crossed the halfway mark, and both the NBA and NHL seasons have begun.
The upcoming home game in Morgantown for WVU could potentially lead to a further increase in betting activity. This Saturday, the Mountaineers will face Texas Tech in a Big 12 matchup that they have a good chance of winning.
Despite still being considered an underdog by WV sportsbooks, WVU is only given a small two-point advantage this week. It will be intriguing to observe if the team can maintain the positive momentum it gained from its impressive performance against Baylor.
The report for this week covers the sportsbook activities of Oct. 20-26 in West Virginia.
- The sportsbooks at Hollywood Casino and DraftKings WV are the places to be for all your betting needs.
- The Greenbrier and FanDuel Sportsbook have joined forces.
- Mountaineer Sportsbook
WV sports betting revenue highlights
Here are the main points to take away from the Oct. 26 data:
- The overall handle of online sportsbooks reaches an unprecedented record.
- Manage high volumes even without a WVU game.
- Marshall football did not succeed in covering the spread.
WV residents are increasingly favoring online sportsbooks each week, with the rising popularity of DraftKings and FanDuel. More and more people are opting to place bets conveniently through their mobile devices.
For the past three consecutive weeks, the online betting handle has surpassed $3 million. This week, it reached an impressive milestone by crossing $3.5 million.
Despite the uncertainty of the future, there is no indication that online gambling will lose momentum. Although online sportsbooks reached a new record in terms of handle, retail establishments still managed to generate approximately $800,000 more in revenue.
Mobile betting will eventually surpass retail betting, it’s just a matter of time.
This week’s report highlights an incredible achievement – sportsbooks broke a handle record even without any bets placed on a WVU football game. Although the Mountaineers faced OU on Oct. 19, they had a bye week before their latest match against Baylor.
Although there are numerous other football games available for betting, WVU stands out as the most favored team in the state. If sportsbooks can generate nearly $8 million in handle this week without any WVU action, the figures for next week could potentially increase significantly.
Contrary to expectations, Marshall football did play a game that had a notable impact. Although the Herd emerged victorious against Western Kentucky, their narrow three-point win fell short of covering the spread.
Those who placed moneyline bets on Marshall emerged victorious, while those who bet on the point spread lost. This loss turned out to be advantageous for the sportsbooks in terms of profitability since they likely received a higher number of wagers on Marshall compared to WKU.
WV Sports Betting Summary
Since August 2018, the WV Lottery Commission has released the most recent statistics on WV sports betting revenue tracking.
- Handle: $201,090,943.36
- Revenue: $22,494,823.76
- Taxes: $2,249,482.38
Sports betting in WV had a remarkably busy week, with a new high total handle of $7,849,278.27. This marked a significant 16% increase compared to the previous week.
Sportsbooks experienced a substantial surge in revenue figures, with a remarkable increase of 136% from the previous week, totaling $1,367,607.81.
WV sports betting revenue for the week ending Oct. 26, 2019
A Closer Look At WV Sports Betting Handle
During the current week, Hollywood Casino maintains its dominance in sports betting handle, with an extraordinary overall handle surpassing $5 million.
Hollywood has just experienced its second-best week ever, falling short by approximately $225,000 compared to its handle from two weeks ago.
DraftKings, the online sportsbook, played a significant role in Hollywood’s success. While it fell short of reaching $2 million in handle, the impressive figure of over $1.9 million marks its second-best performance in the nine weeks since its launch.
The Greenbrier had an incredible week as well, with its sportsbook achieving its highest performance to date by accepting over $1.7 million in wagers.
The majority of the handle, amounting to nearly $1.6 million, was attributed to the FanDuel mobile sports betting app, despite the fact that The Greenbrier’s land-based sportsbook is part of an exclusive club.
FanDuel is experiencing its most successful week in the market, marking its fourth consecutive week surpassing $1 million in revenue.
Mountaineer Casino is the last in line when it comes to active sportsbooks. Although its physical location is performing well independently, the absence of a mobile betting feature is impeding the casino’s progress.
The handle for Mountaineer’s this week reached approximately $980,000. Following a peak of $1 million two weeks ago, the handle has gradually decreased each week.
These are the rankings for weekly handle among the WV sportsbooks.
- Hollywood Casino has a revenue of $5,144,249.57, while The Greenbrier brings in $1,725,741.35 in revenue. Mountaineer Casino follows with a revenue of $979,287.35. However, Mardi Gras Casino and Wheeling Island have not reported any revenue.
A Closer Look At WV Sports Betting Revenue
In terms of revenue, Hollywood Casino also took the lead. Additionally, their sportsbook yielded profits exceeding $1.1 million for the week.
Hollywood’s recent performance marks a remarkable rebound, especially considering its previous earnings of less than $270,000 just a week prior. Impressively, its sportsbook has managed to generate a minimum of $1 million in three out of the last four weeks.
In a positive turn of events, Hollywood’s DraftKings online app has achieved a remarkable milestone, earning close to $500,000 in revenue. This surpasses its previous highest earnings of approximately $325,000.
Despite the strong performance of Mountaineer’s handle figures for a retail sportsbook, its revenue stream has only been average. In the latest week, it secured the second spot with approximately $155,000 in revenue.
Mountaineer has now gone seven consecutive weeks without reaching $200,000 in revenue.
The Greenbrier finished in last place due to a loss of approximately $37,000 from its retail book. However, its FanDuel Sportsbook managed to generate over $120,000 in revenue, effectively balancing the overall outcome. Remarkably, this marks the fourth occasion where the online book has achieved revenue in the six-figure range.
Wheeling Island paid out approximately $55, despite not accepting any new bets.
These are the rankings of the WV sportsbooks based on their weekly revenue.
- Hollywood Casino ($1,125,859.82)
- Mountaineer Casino ($157,742.20)
- The Greenbrier ($84,060.44)
- Mardi Gras Casino ($0)
- Wheeling Island (-$54.65)
On the board for WV Sportsbooks
WV football
Get ready for an exhilarating weekend as WVU gears up to face Texas Tech at home. Morgantown, along with WV sportsbooks, will be buzzing with excitement, as the Mountaineers are poised to secure another victory in the conference.
With Marshall having a bye week, the focus will shift to WVU. Let’s take a look at this week’s odds provided by two online platforms accessible in the state, DraftKings and FanDuel.
| Spread | Total | Moneyline | |
|---|---|---|---|
| WVU vs. Texas Tech | |||
| DraftKings | WVU +2.5 | 59.5 | WVU +114 Texas Tech -139 |
| FanDuel | WVU +2.5 | 60 | WVU +120 Texas Tech -140 |
This information was last updated on November 7, 2019.
NFL Week 10
Week 10 of the NFL begins on Thursday night with teams striving to stay competitive alongside the top contenders in their respective conferences. Despite a challenging year for the local teams, a few remain in contention for a spot in the playoffs.
According to DraftKings and FanDuel, these are the odds for this week.
| Spread | Total | Moneyline | |
|---|---|---|---|
| CLE vs BUF | |||
| DraftKings Sportsbook | CLE -3 | 40 | CLE -148 BUF +128 |
| FanDuel Sportsbook | CLE -2.5 | 40.5 | CLE -150 BUF +132 |
| PIT vs LA | |||
| DraftKings | PIT +3.5 | 44 | PIT +160 LA -186 |
| FanDuel | PIT +3.5 | 43.5 | PIT +162 LA -188 |
| CIN vs BAL | |||
| DraftKings | WAS +10 | 44 | CIN +400 BAL -480 |
| FanDuel | WAS +9.5 | 45.5 | CIN +370 BAL -450 |
Date of last update: November 7, 2019.
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