West Virginia felt the effects of no football or March Madness in April as the legal sports betting handle fell 11% month-over-month.
The April handle was 7% higher than the same month in 2022, but revenue took an even steeper drop month-over-month as the $2.8 million in profits was 35% less than in March.
The Mountain State’s lottery commission reported it was a much better month for sports bettors, who took advantage of West Virginia's hold falling from 9.8% in March to 7.2% in April.
Online sports betting sites made up $35.7 million of the handle — which was down about 21% from the previous month — while retail sportsbooks took in $2.8 million in wagers. For the second consecutive month, brick-and-mortar locations combined to scratch out a profit, this time $39,281, which hasn’t been easy.
The state, which issues a 10% tax rate, hauled in $241,656, minus the administration’s share.
Greenbrier tops out in revenue but not handle
Charles Town, which has partnerships with DraftKings, Barstool Sportsbook, and PointsBet, recorded a state-best mobile handle of $18.3 million, but sports bettors made out well as Charles Town’s group only hauled in $390,000 in revenue.
The Greenbrier, which uses FanDuel, BetMGM, and Golden Nugget for online operations, fared better as it hauled in a state-best mobile revenue of $1.84 million and on a handle of $15.5 million.
Mountaineer, which operates with BetRivers and Caesars, brought in $1.8 million in wagers with a low 2.3% hold.
