West Virginia Online Casino Revenue June 2022
West Virginia online casino revenue falls below expectations yielding a meer $7 million during June. Revenue dropped by $700,00 from the previous month of May, making June the second time when monthly revenue did not reach $8 million since January.
West Virginia online casinos started the month in a stride bringing in over $1.9 million in weekly revenue. Unfortunately, overall revenue began to drop in the subsequent weeks. June’s weekly revenue averaged about $1.5 million for the rest of the month.
Although revenue was in a lull, more bets were placed this month. This caused West Virginia’s online casino handle to measure at a high in June. West Virginia platforms saw $218 million in wagers this month, $5 million higher than May!
June Casino Revenue Rankings
It seems that all of West Virginia’s casinos felt the effects of the June dip.
The Greenbriar appeared hindered the least, generating with most revenue at $4 million. While it did better than its other contenders, it still fell $230,000 under the previous month’s earnings.
Next in the lineup was Hollywood Casino, with its online counterparts DraftKings Casino WV and PointsBet Casino generating $300,000 less than May at around $2.1 million.
Mountaineer’s online casino revenue also hit a low point bringing in just over $750,000, putting it $230,000 behind May’s revenue.
Its apps Caesars Casino WV and BetRivers WV had a few good weeks with the exception being the week of June 25th. This negative week was the first time the apps didn’t generate a six-figure revenue since November 2021, making a little over $65,000.
West Virginia Online Casino Handle Increase
While the revenue for West Virginia’s online casinos took a dip in June, the state’s overall online gambling increased. With more people placing bets in June, the overall gambling handle increased by 2% from the previous month hitting $218 million.
Even with the mountain state’s casinos falling below $60 million in weekly revenue, casino player activity remained consistent. They accepted at least $50 million in bets weekly. The week of June 11 boasted even more at around $59 million.
The Greenbrier again showed its consistency by accepting over $110 million in June, coming very close to its most recent two months totals. They finished just about $600,000 less than May.
Hollywood Casino handled more wagers in June than its previous month by around $5.5 million. With its apps, DraftKings and PointsBet Casino contributed about $79 million to the state’s overall handle.
DraftKings and PointsBet Casino contributed $79 million handle this month, including their best week since December 2021, with $24.5 million in wagers accepted in one week.
Mountaineer brought up the rear again with around $28 million bets handled this June. Differing by around $200,000 less than May’s handle. Caesars and BetRivers Casino have reason to celebrate as the last week of the month saw the two companies bringing in a combined handle of $8.8 million, making it their busiest week since March 19 of this year.
While June was not the most fruitful, West Virginia’s online casino industry is still ahead of its last fiscal year, with revenue showing growth of 157%, and the handle up by 120%. Over the past 12 months, WV online casino providers have made almost $85 million in revenue and have had a total handle of $2.54 billion.
Mac Daniel is a South Carolina-based freelance writer for PlayOnlineCasino and PlayOnlineSportsBetting. He has experience writing about a wide variety of topics, including healthcare, tourism, non-profit organizations, and most recently casino and sportsbetting news. To check out more of his work, visit www.playonlinecasinomi.com or www.playonlinesportsbetting.com