West Virginia sports betting activity has shown a significant bounce-back in November after a drop in October following September’s record sports wagering numbers.
While it’s nowhere near close to the enormous sports betting handle generated by the Garden State of New Jersey, West Virginia is now beginning to show signs of becoming a leading sports betting state by following the recent sports wagering growth trends experienced in Indiana, Colorado and Iowa recently.
Breaking Down the Improved WV Sports Betting Results
West Virginia online sports betting and online casinos numbers all increased in the Mountain State in November. In November, the West Virginia total sports betting handle was slightly more than $48.5 million, an increase of 8.7% from October’s total of $44.6 million.
Looking at the West Virginia year-on-year comparison, the increase is 47.2% on the total sports wagering handle in November 2019, which was $33 million. The current monthly sports betting handle record in West Virginia stands at $77 million, which was recorded this September.
Online Sports Betting the Largest Growth Sector of the Industry
Delving a little deeper into the West Virginia sports betting results, online sports betting is clearly doing well, and made up most of the sports handle in the month of November. The total online sports betting handle was $28.4 million for the month, which accounted for 58.5% of the entire sports wagering handle. The online sports wagering handle for November also showed significant increases in year-on-year and previous month-on-month comparisons.
November’s online sports wagering figures were up 6.6% from October 2020, where the handle hit $26.6 million. Additionally, November’s 2020 online sports betting numbers increased 74.8% from the November 2019 total of $16.3 million.
West Virginia’s sports betting revenue also had a healthy bump, with the November total hitting $4.4 million. This was a 17.8% jump from October’s $3.7 million and increased a whopping 92.5% from the November 2019 online sports wagering revenue total of 2.3 million.
West Virginia Online Casino Numbers Also Jump in November
For West Virginia’s nascent online casino wagering industry, the November handle was $72.6 million, culminating in revenue earned of $2.1 million. Again, for online casinos, both figures were significant increases from the October West Virginia Lottery report. The November online casino handle was up 36.6% from the October result ($53.1 million) and November’s online casino revenue was an increase of 30.3% from October ($1.6 million).
West Virginia is one of only four states that offers a full suite of online casino games and online poker rooms. Other full-service online casino providing states include Delaware, Pennsylvania and New Jersey. At this stage, Nevada only offers online poker, but they may change into the future. Michigan is set to enter both online sports betting and online casino wagering markets — possibly beginning as early as January 2021 starting with online sports wagering.
West Virginia became just the fourth legal online casino state, when it launched its legal online casino wagering industry this summer. BetMGM was one of the first online casinos to launch in the Mountain State in partnership with The Greenbrier Resort at White Sulphur Springs.
Meanwhile, DraftKings Online Casino, partnered with the Hollywood Casino at Charles Town, went live in mid-July.
The results for both legal online sports betting and online casino wagering are further evidence that the future of all types of legal betting is online. While at 58.5% of all bets being placed online is high in West Virginia, it’s just the beginning.
More established sports betting and online casino betting states like Pennsylvania and New Jersey are already experiencing 90% of all bets (in terms of overall bet numbers and handle) being placed online.