West Virginia Sees Dip in Sports Betting Handle for May; Only $25.5M Wagered

West Virginia Small FlagWest Virginia continued a troubling sports betting trend in May as the total handle was down for the second straight month. Several states across the United States saw a drop in May, and this could continue until the return of football in September.

The total sports betting handle in May totaled $25.5 million, which was a drop of nearly 4% from the month of April. Two months ago, April saw a total sports betting handle of $26.5 million.

When looking at the year-over-year sports betting handle totals in May, it was an impressive jump of nearly 270 percent. Those numbers are a bit skewed as the COVID-19 pandemic completely shut down most live sporting events 12 months ago.

Both retail and online sports betting is offered in West Virginia, and mobile betting made up 72% of the total handle during the month of May. Other states have seen those numbers be close to 90 percent, but there are only a handful of options in the Mountaineer State.

The mobile handle dropped by 7.3%, which ultimately hurt the overall numbers in the state. West Virginia is one of the few states that report these numbers on a weekly basis, and these figures account from May 2-29.

Revenue Sees Massive Jump

While the number of wagers was down in West Virginia last month, the total sports betting revenue did go way up. This is a good sign for the state and also for the sportsbooks that operate in West Virginia.

The revenue was $2.688 million for the month of May, while it was just $1.95 million for the month of April. This was a 37.7% increase and a near 400% jump from the May 2020 numbers.

The boost in overall revenue also helped the state bring in more tax dollars for the month. The sports betting tax revenue was $228,485 in May, while it was just $165,922 in April.

iGaming Posts Impressive Growth

The total iGaming handle for the month of May was $138.2 million after it was just $118.4 million for the month of April. This was a jump of 16.7% month-over-month, and online casino gambling continues to become more popular in the state.

Total iGaming revenue also went up during the month of May as it was $4.3 million. The total revenue for April was $3.8 million, and these numbers are much larger than what took place in 2020.

FanDuel Launches in May

fanduelsportsbookapple-115x115The numbers in May were boosted by the Greenbrier Casino partnering with FanDuel Sportsbook and Online Casino. This brought the fourth online casino gaming option in the state of West Virginia, and that should help the numbers moving forward.

The FanDuel app is available on both Android and Apple devices and can be downloaded on those respective stores. FanDuel is the online market leader in the sports betting industry but also offers online casino gaming in three other states.

  

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