WV January sports betting, casino, iGaming revenue down – and up
The West Virginia Lottery Commission has released revenue figures for the state’s wagering activity in January 2021, and the results are a bit of a mixed bag. In the period, the total sports betting handle in West Virginia was $50.7 million, a 27% drop month-on-month from $70.1 million but up 43.4% year-on-year – and before pandemics restricted in-person sportsbook and casino visits.
The mobile sports betting subsector in the state showed similar trends: The $32.9 million handle taken in by West Virginia’s online sportsbooks was down 23.0% percent m.o.m. but up 62.2% y.o.y. Total sports betting revenue was reported at $3.98 million for the month, down 38.5 m.o.m. and up 44.6% y.o.y.
Capacity limits in January for West Virginia casinos remained at 50% as dictated by regulations set during the pandemic.
One might figure that, with so many would-be casino-goers at home that January might prove a fruitful month for West Virginia’s online casino subsector, but instead post-Christmas and generally deflated economy may have tempered gambling spending. iGaming handle in the state in January was reported at $99.1 million, down 9.1% m.o.m. and a slightly surprising decreast of 10.7% y.o.y.
A rise will probably be seen in February, thanks to the Super Bowl alone. Already by a wide margin the biggest gambling day of the year, the combination of a generational matchup of quarterbacks plus pandemic isolation figures to make for a lot of Super Bowl betting.
Gaming Association president/CEO Bill Miller stated this week that “This year’s Super Bowl is expected to generate the largest single-event legal handle in American sports betting history. With a robust legal market, Americans are abandoning illegal bookies and taking their action into the regulated marketplace in record numbers,” while West Virginia sportsbooks are preparing for a nearly business-as-usual situation on Super Bowl Sunday.