This story was published more than 5 years ago.
Sportsbetting in West Virginia has hit the $10 million in wagers less than two months after the activity began in the state.
The biggest operator thus far is Hollywood Casino, having taken in more than $9 million of the wagers thus far. The numbers have resulted in $2.3 million in revenue for the casino. The good news for the state is that the numbers for Hollywood keep growing week over week, eclipsing $2 million for the week ending October 12th.
Greenbrier resort hosts FanDuel's sportsbook and is also seeing growth, albeit to a much smaller degree than Hollywood. Thus far the location has handled $447,094 in wagers, with $75,697 in revenues.
The state of West Virginia has raised $200,000 in taxes thus far and is projecting $5.5 million after the first year. The state has gotten a jump on some of its neighbors, including Pennsylvania, who will likely become one of the largest markets in the country when it becomes legal.
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Comments
The $10 mill mark has been passed and I guess that's an impressive number for a state where the activity is just two months old, I think it's inevitable in the next months the numbers will go in only one one direction and that's upwards.