A major legal sports betting operator has gained market access in the Mountain State.
WynnBET has launched its online casino and sports betting platform in West Virginia, becoming the 11th state where the Wynn Resorts-owned sportsbook has gone live. Meanwhile, WynnBET’s online casino operations are now live in three states, which include Michigan and New Jersey.
"We would like to thank the West Virginia Lottery Commission for working with us throughout our licensure process in the state," said Wynn Sports Interactive President Ian Williams. "We are thrilled to bring our first-class online casino and sportsbook to players in West Virginia, marking our second state launch this year and the third iCasino market to our growing portfolio."
WynnBET users in West Virginia will have access to a slew of gaming markets, including blackjack, roulette, and poker. Its sportsbook offerings will also give users an opportunity to take advantage of its markets with a new user promotion that offers a $100 credit if you bet $100.
WynnBET will have stiff competition in gaining new customers in West Virginia. The state has nine online sports betting operators, including BetMGM, BetRivers, Caesars Sportsbook, DraftKings, and FanDuel — the No. 1 sportsbook in America in terms of market share at 50%.
Current state of business
WynnBET is establishing a presence in West Virginia following lukewarm returns. In April, the state reported a sports betting handle of $38.5 million — down 11% month-over-month. The handled included $35.7 million from online betting sites — down 21% from the previous month.
Retail sportsbooks across West Virginia only took in $2.8 million in wagers throughout April.
