- Year-on-year growth for the online casino sector in West Virginia is 17%, the lowest recorded so far.
- Greenbrier licensees (FanDuel, BetMGM, Golden Nugget) maintain the market lead with $5.1 million in revenue
- Hollywood casinos (DraftKings and PointsBet) hold a 38% market share, reporting $4.4 million in revenue.
- Betr, under the Mardi Gras license, reported a significant drop in revenue from $656k to $350k in August, resulting in a mere 3% share of the market.
Revenue at West Virginia online casinos stayed pretty static, with revenue of $11.2 million in line with prior months.
Compared to the same month a year ago, the market is up a seemingly healthy 17%, though this is the lowest growth rate reported so far.
Among hte four active operators, the Greenbrier licensees (FanDuel, BetMGM, Golden Nugget) retain the market lead, generating $5.1 million in revenue last month for a 44% market share. Hollywood casinos (DraftKings and PointsBet) make up much of the rest, reporting $4.4 million (38%).
However, Mountaineer (BetRivers and Caesars) does continue to chip away. It reported $1.8 million last month for a 15% market share, one of its best to date. A year ago, its share was less than 12%.
Betr, which went live on the Mardi Gras license in June, saw its revenue fall from $656k in July to $350k in August. Its share of revenue last month was just 3%, a concerning drop for a new market entrant.
WV Casinos: Online Partners and Launch Dates
| License Holder | Online Partner | Launch Date |
|---|---|---|
| The Greenbrier | BetMGM | Aug-20 |
| The Greenbrier | FanDuel | Aug-19 |
| The Greenbrier | Golden Nugget | Nov-20 |
| Hollywood Casino at Charles Town Races | DraftKings | Jul-20 |
| Hollywood Casino at Charles Town Races | PointsBet | Jan-22 |
| Mountaineer Casino | BetRivers | Apr-21 |
| Mountaineer Casino | Caesars | Nov-21 |
| Mardi Gras | Betly | Jun-23 |
