West Virginia Sees Online Casino Revenue Increase For Fourth-Straight Month
After posting $17.9 million in revenue in May 2024 and $18.5 million in June 2024, West Virginia saw an increase of over $1 million compared to May, posting $19.1 million in July 2024.
Compared to July 2023, this was a 77% increase.
West Virginia online casino has experienced its best year-on-year revenue growth in almost two years. The $19.1 million posted in July 2024 would’ve been an all-time high if not for the $20.68 million in revenue in March 2024.
As for licenses, Greenbrier and Charles Town sat atop the state, separated by just 1%.
Mountaineer Casinos, which is affiliated with BetRivers and Caesars, is holding its own. Mountaineer posted $3.9 million in revenue, an all-time high for the licensee. Now, Mountaineer has a market share of 19.4% and 20%.
One thing we don’t know in West Virginia is which specific online casino is generating revenue. States like New Jersey post these numbers, but West Virginia doesn't.
Numbers for Several Months Back
Here’s a look back at some recent months' figures:
- July 2024: $19.1 million
- June 2024: $18.5 million
- May 2024: $17.9 million
- April 2024: $17.8 million
- March 2024: $20.68 million
For reference, here’s when all online casinos in the state launched:
- BetMGM: August 2020 (Greenbrier)
- DraftKings: July 2020 (Hollywood Casino at Charles Town Races)
- BetRivers: April 2021 (Mountaineer)
- Caesars: April 2021 (Mountaineer)
- FanDuel: May 2021 (Greenbrier)
- Golden Nugget: October 2021 (Greenbrier)
- Fanatics: November 2023 (Hollywood Casino at Charles Town Races)
- Betly: June 2023 (Mardi Gras)
We’ll look to the August 2024 figures to see if this can eclipse the $20.68 million from March.
