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West Virginia Online Gambling Rebounds in February; Downward sports betting

West Virginia’s online gaming numbers rebounded nicely in February after a dip to start the new year.

The iGaming handle in February was $222,235,429.

This was up 15.7% from January, when the iGaming handle was $192,135,878.

February revenue from online gaming was $8,013,328, a 17.3% increase from January’s $6,832,236, according to figures reported by the west virginia lottery.

West Virginia is a rarity in that it calculates iGaming and sports betting revenue and runs the numbers weekly rather than monthly. This can cause an imbalance because sometimes what is considered a month will actually be five weeks, but in this case the January and February numbers were four weeks each. The February reporting period was January 30 to February 26; January figures were counted from January 2 to 29.

West Virginia is one of six states with real money online gambling options, along with Delaware, Michigan, Connecticut, New Jersey and Pennsylvania.

iGaming Market Growth in West Virginia

Online gambling options in the Mountaineer State are growing.

Last week, BetMGM Casino announced that it would be bringing Wizard Games content to West Virginia.

And PointsBet, which already had an online sportsbook in West Virginia, also joined the state’s online casino market.

Decline in sports betting in February

The sports betting market fell in February, which should come as no surprise as the Super Bowl was the only significant NFL game available last month to bettors in a football-mad state.

West Virginia Sports Betting February vs January

Full handle Movable handle Income
February $49.272 million $41.234 million $1.955M
January $58.894 million $48.141 million $4.098 million
Change Down 16.3% Down 14.3% Down 52.3%

Note: West Virginia reports numbers weekly rather than by calendar month. February represents January 30 to February 26; January represents January 2-29.

The sports betting handle was $49,271,583 in February, down 16.3% from January’s $58.9 million. But the year-over-year comparison was better news in West Virginia, as the handle was 28.9% higher than February 2021 ($38.2 million).

The situation was quite similar for mobile betting, with a handful down 14.3% from $48.1 million in January to $41.2 million in February. Again, last month’s figure was a significant increase from 12 months earlier (52.2% higher than February 2021’s $27.1 million).

Sports betting revenue was $1,954,999, down 52.3% from January ($4.1 million), but up 43.3% from February 2021 ($1.4 million). of dollars). The state tax share was $195,500, down 43.9% from January ($348,342) but up 43.3% from February 2021 ($136,416).