West Virginia Continues to See Sports Betting Handle Slide in February

West Virginia is most certainly missing football season, as the Mountain State's sports betting handle failed to reach the $40 million mark.

Brad Senkiw - News Editorat Covers.com
Brad Senkiw • News Editor
Mar 13, 2023 • 16:07 ET • 4 min read
Erik Stevenson West Virginia NCAAB
Photo By - USA TODAY Sports

The Mountain State continued to feel the effects of less football to start 2023 with another drop in month-over-month legal sports betting numbers.  

West Virginia Lottery reported a combined handle between retail and online sports betting sites of $39.7 million in February, which fell short of January’s $44 million. 

In a short month and with the Super Bowl being the only pigskin to wager on, revenue fell around $800,000 from January and below $3 million in February. 

The hold dropped an entire point from 8.1% the previous month to 7% in February, and the state hauled in nearly $237,000 in taxes from the revenue. 

Sports betting in West Virginia saw similar drops last year as football wrapped up, but this year was steeper. Year-over-year wagers were down $10 million in 2023. 

Retail gets crushed

It was a strong month for sports bettors who placed brick-and-mortar wagers in February. They handed the retail sportsbooks a $567,000 loss at the five combined casinos, marking the second consecutive month of deflating numbers for the sportsbooks. 

Mountaineer Casino got hammered with a loss of $288,000 on a handle of $473,000, making it the second consecutive month it’s posted a deficit in retail.  

Hollywood Casino at Charlestown reported a retail loss of nearly $400,000, with only Mardi Gras and The Greenbrier casinos reporting positive returns on retail. 

Mobile fares better

It wasn’t a complete loss for West Virginia as the sportsbooks came out in the black from online wagers. The Mountain State reported $35.4 million in mobile handle for February with revenue of over $3 million. The nearly 10% hold stayed on par with the previous month’s numbers. 

The Greenbrier, which uses FanDuel, BetMGM, and Golden Nugget for online operations, held a substantial 14% hold on about $17 million in wagers. 

Charlestown, which has partnerships with DraftKings, Barstool Sportsbook, and PointsBet, had a better month in mobile than retail, claiming a revenue of $720,000 on a handle of $16 million. 

Mountaineer, which BetRivers and Caesars operate, made $172,800 profit on mobile wagers of over $1.8 million.

Pages related to this topic

Popular Content

Legal Canadian sports betting

Best Canadian betting sites Ontario sports betting
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo