West Virginia’s steady decline in legal sports betting continued for the third consecutive month.
The Mountaineer State saw a 12% month-over-month drop in handle to $28.06 million in June, according to figures released by the West Virginia Lottery. This marks a 15.7% decrease from June 2022 wagers.
Online and retail sportsbooks brought in a combined $2.61 million, down 25.4% from May. The hold fell from 10.8% the previous month to 9.3% in June.
Operators in West Virginia paid out $261,000 in taxes in June, down from $294,361 in May. With the fiscal year coming to an end, the state made $5.3 million in taxes, up 18% from the previous period.
Online sports betting sites made up $25 million of the Mountaineer State’s overall handle and $2.54 million of revenue for a 10% hold. Retail brought in a handle of $3 million but produced just $66,057, including a loss of $134,827 in a single week, for a win rate of just 2.2% for June.
Greenbrier produces 12.2% win rate
Charles Town, which is partnered with DraftKings, Barstool Sportsbook, and PointsBet, produced the highest mobile handle in West Virginia sports betting during June at $14.04 million. The $1.05 million revenue was second behind The Greenbrier, which used FanDuel, BetMGM, and Golden Nugget, to produce $1.4 million in profits on an $11.5 million handle to enjoy a 12.2% hold.
Mountaineer, which is powered by Caesars and BetRivers, claimed $113,672 on a handle of $1.46 million.
Hollywood Casino at Charles Town recorded the highest retail handle of $1.5 million but only produced a hold of 4.4%.
