- The state of West Virginia is reporting that the total betting handle between online gambling retailers exceeded $53 Million in the month of October.
- With online casinos only live for four months in the state, the industry has collected at least $10 Million in betting handle in 11 straight weeks.
CHARLESTON, W.V. – Even through the trails of 2020, the world of online gambling is continuing to grow.
The latest state to bring online gambling, casinos, and sports betting to the fold was West Virginia, and the state is now reporting continuing exceeding growth in their industry for the fourth straight month.
The online gambling industry in West Virginia reportedly received over $53 million in total betting handle in the month of October.
According to the West Virginia Lottery, over the last three weeks, online casinos reportedly accepted around $12.7 million, $12.5 million, and $12.8 million in virtual bets across the many different platforms available in WV. The state has accepted over $10 million in wagers for 11 straight weeks.
This news comes on the heels of the coronavirus pandemic which is reaching its peak since the pandemic began in March of 2020. With the majority of residents confined to their homes, the numbers are showing that people are turning to online gambling to stay sane during these socially distant times.
According to the report, in just the first four months active in the state, DraftKings Casino and BetMGM Casino has produced increasingly large numbers, with September holding the lead for the total betting handle.
The state’s major USA online casinos earned $37 million in July during their first month, $45 million in August, $61 million in September, and $53 million in October.
This is just a combined number for the sportsbooks, but strictly online casinos have also been earning a profit to the tune of $1.6 million in the month of October.
The first online casino to active in the state was DraftKings which has now fully expanded outside of just the Daily Fantasy realm in states with legal sports betting.
DraftKings totaled nearly $38 million in betting handle in October, earning about 71% of the state's entire number.
This is a positive sign for the expansion of the sports betting industry in West Virginia, but also around the country.
Seeing this kind of expansion and growth of USA online gambling occurring during one of the hardest times in recent memory shows the power of this business going forward.