It was an up and down week for Sport Gambling at West Virginia.
While the overall betting handle didnt increase for the first time in a while, the Mountain State nevertheless had a strong showing for the week of Sept. 28.
Even though the entire handle was approximately $100,000 short of a weeks condition best, the 6.5 million in wagers is still quite respectable. This is.
Revenue figures were strong too. WV sportsbooks gained over $800,000, using over $300,000 coming in from mobile sports betting apps.
Its been an unbelievable introduction in WV for FanDuel along with DraftKings sportsbooks. Together, the WV marketplace has been revitalized by them and they made more money than ever in their five-week existence this week.
Along with gambling action, the online sportsbooks are helping solidify a revenue stream. This is 11 weeks in a row which novels have made a profit.
The volume of wagers must endure through October and the NFL continues to control the information.
WVU Mountaineers are trying to get back in the win column this week with another home game in Morgantown. After dropping to Texas the WVU football will need to pull out an upset this week in order to stay over .500.
Marshall soccer is back on the field. The Thundering Herd have fell to 2-3 with 2 straight losses. Theyll carry on Old Dominion at home this weekend.
This weeks record includes action from Sept. 22-28 from these WV sportsbooks:
Below are the key takeaways from the Sept. 28 earnings report:
Even in the small sample size of the state, its apparent that online sportsbooks forcing the marketplace and are here to stay. WV sports have had a substantial impact on both manage and earnings.
FanDuel and DraftKings pulled over $300,000, about $35,000 over their high this week. Online sportsbooks accounted for around 38 percent of the total revenue of the state up 4.
Online is quite new in WV, although this might not seem like too significant of a number. Over the last few weeks, this percentage has increased and should continue to going.
Though the New Jersey betting market has a great deal more choices than WV right now, often it gets around 80 percent of its revenue from online sportsbooks. It may be a time before WV reaches that type of divide, but expect mobile betting to keep increasing.
Though revenue hasnt stopped expanding, the handle did not rise for the first time in more than a month. This is not overwhelmingly concerning considering where the marketplace was just two months ago and the fact that there were still $6.5 million in stakes placed.
What might be the driving factor for this blip is that WVU did not have a game for the week of Sept. 28. Although its unclear exactly what percentage of bets land on the Mountaineers games, it would be safe to mention a good portion.
Knowing that there were not any wagers placed on this WVU game usually means this weeks tackle is quite impressive. Once we see the characters which include the stakes in the Texas match of the next week, we will have a much greater understanding of this.
Here are the??most recent figures??published by the WV Lottery Commission since??WV sports betting revenue??monitoring began in August 2018:
It was a week for sport bets in WV. Although betting handle reduced by 2%, the nation still admitted $6,511,986.39 from wagers.
Revenue figures did better. Sportsbooks generated $810,050.70, a 44% increase in the week before.
Though retail and online sportsbooks couldnt match their handle they were very productive. Hollywood Casino put another best in relation to handle, more this week, adding about $60,000 in spite of WVU not enjoying.
Hollywoods handle has now reached the $4.3 million mark for the fourth successive time.
The Greenbrier finished in second as the sole other to accept more than $1 million in stakes. The Greenbriers handle was approximately $100,000 shy of its last two weeks Even though this is still regarded as a great week.
Mountaineer Casino arrived third because it still doesnt have ties. The more than $880,000 it approved is a quality.
Heres the way the WV sportsbooks position for handle:
Revenue figures remain powerful in WV. The time sportsbooks did not make money was the week end of July 13. Ever since then, revenue was higher than six figures every week except for one.
As always, Hollywood Casino headed the way, this time with over $600,000. This is the most its sportsbook has made in three weeks, when it gained over $1.2 million.
Of the $600,000, around $200,000 value came out of Hollywoods internet sportsbook.
The Greenbrier finished bringing in more than $100,000. This is the fourth consecutive week it has created six figures.
Surprisingly, the FanDuel online sportsbook of The Greenbrier was responsible for more than 99,000, or 92 percent of its total revenue.
Mountaineer did not do badly, making close to $100,000. Its sportsbook has continued to perform well even without a gaming program.
Though neither is available to business Wheeling Island and Mardi Gras Casino paid out around a 300.
Here is how the WV sportsbooks position for earnings that is weekly:
The two WVU and Marshall are currently playing this weekend at what should be an slate of college soccer. Although the Herd suffered defeat, the Mountaineers are coming off a loss to Texas.
WVU will remain with Iowa State in your home and struggle this past week. Marshall contributes to Huntington to perform Old Dominion.
Here are both teams odds for this particular Saturday according to DraftKings and FanDuel sportsbooks:
The NFL season is moving along also, with Thursdays match kicking off Week 6. Here are the Regional teams odds based on DraftKings and FanDuel:
Chris Imperiale covers sports betting and the online casino businesses. He has a journalism degree from Rutgers University and was on staff at Bleacher Report.
Bet with your head, not over it. When you have a problem, call 1-800-GAMBLER.
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