West Virginia Posts Massive 41.6% Increase In February iGaming Revenue

West Virginia has posted its iGaming revenue figures for February. 

The $37.1million in revenue generated by the state’s online casinos is down 11% from January, but this can be attributed to February having three fewer days than January. Impressively, however, the figures are up 41.6% compared to January 2025. 

January saw similarly large year-on-year gains of nearly 40%, too, meaning 2026 has got off to a very successful start. 

The gains have been helped by FanDuel partnering with Mardi Gras Casino & Resort in order to offer an online casino in the state. 

The deal was announced last September and saw FanDuel expanding its operations in West Virginia, and it continues to operate its sportsbook at Greenbrier Resort in White Sulphur Springs.

At the time of the deal, FanDuel’s SVP of Business Development, Jonathan Edson, said: “Delaware North has been a respected name in gaming and hospitality for decades, and they are an ideal partner as we continue to operate in West Virginia.”

Tax Rises Incoming?

The increase in revenue has prompted lawmakers to debate a potential tax increase. Two House Bills, HB 4397 and HB 4398, are currently being discussed. 

These aim to increase sportsbook and iGaming taxes from 10% and 15%, respectively, to a uniform 25% across the board. 

Although lawmakers expect the move to raise additional funds for the state, other markets that have made similar moves have found that tax rises have had the opposite effect. 

Dutch operators recently penned an open letter highlighting a €43.5m decline in gambling revenue since tax was increased to 34.2% last year. 

The signatories expect further damage after the Dutch gambling authority, the KSA, upped taxes further to 37.8% from January this year. 

The UK has also raised gambling taxes. The changes began in April this year, so the industry has not yet seen the full effects, but experts have warned that the move is likely to push players to black-market sites as they seek better value. 

West Virginia Gambling

West Virginia is one of just seven states to have regulated iGaming. Lawmakers passed HB 2934 in 2019, allowing the state’s five land-based casinos to apply for one license each. 

Each license permits up to three online casino skins, meaning 15 online casinos could potentially operate. 

There are currently fewer than 10 operational sites, including DraftKings, which launched first after partnering with Mountaineer Casino. 

Other online casino brands in the state include FanDuel, BetMGM, Caesars Online, Golden Nugget and William Hill.  

Neighbouring Virginia has seen its own regulatory efforts stall this week. 

The Virginia Senate Finance and Appropriations Committee voted at the start of the week to push a decision on HB 271 back until the next legislative session. 

The decision effectively quashes any hopes of online casinos getting the go-ahead this year. Companion bill SB 609 remains in conference in the Senate, but it is likely to suffer the same fate.

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