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Sports betting handle and revenue for West Virginia for Jan. 4

The West Virginia sports activities betting market took a optimistic flip within the final two weeks. After the general betting deal with fell three consecutive weeks, WV sportsbooks noticed a large enhance in wagers within the final two.

Sportsbooks accepted over $7.7 million in bets for the week of Dec. 28. To observe that up, they took in almost $9 million the following week.

It appeared as if the conclusion of the faculty soccer common season had quite a bit to do with the decline in wagers. There was now not a big slate of video games out there and extra importantly, the 2019 WVU soccer crew hit the locker room for the final time.

Thankfully for sportsbooks, the faculty soccer bowl season and the thrilling WVU hoops season appears to be making up for it.

Now that the LSU Tigers have gained the faculty soccer Nationwide Championship, bettors within the Mountain State can focus strictly on college basketball betting. The Mountaineers are ranked 12th within the nation and are trying like a robust contender to make a deep run in March Madness.

This week’s report consists of exercise from Dec. 22-28 and Dec. 29 – Jan. four from these WV sportsbooks:

WV sports activities betting income highlights

The next are the important thing takeaways from the Dec. 28 and Jan. four figures:

  • Total deal with jumps again up
  • Retail nonetheless outdoing on-line sportsbooks
  • WVU basketball restricted income

The largest takeaway from the previous few weeks is that the overall betting deal with has considerably elevated. Since peaking round $9.5 million for the week of Nov. 30, the general deal with had dropped three straight weeks.

Sportsbooks accepting over $7.7 million for the week of Dec. 28 was encouraging sufficient, nevertheless, the deal with’s leap the next week was much more spectacular. The greater than $Eight.9 million in deal with is the second highest it’s ever been in WV.

The truth is, that is solely the fourth time that sportsbooks accepted over $Eight million in wagers.

As talked about, the college football bowl season had quite a bit to do with the rise in betting.

A number of massive video games together with each CFP semifinals passed off on Saturday, Dec. 28. These together with 4 marquee matchups on New Years Day actually helped enhance the variety of wagers at sportsbooks.

Regardless that betting was up these final two weeks, on-line sportsbooks nonetheless can’t outperform retail.

Regardless of DraftKings and FanDuel accepting over $four.three million in deal with for the week of Jan. four, they nonetheless got here in second. That is the second-highest variety of bets mobile sports betting apps have accepted and simply the third time they’ve exceeded $four million in deal with.

Retail areas have now generated extra deal with than cellular for seven consecutive weeks.

So far as income is anxious, sportsbooks had a really worthwhile two weeks. In whole, they earned over $725,000 for the week of Dec. 28 after which round $900,000 for Jan. four.

This most up-to-date week is probably the most income the WV market has made in two months.

Whereas sportsbooks will probably be happy with this efficiency, it might have been even higher if not for the WVU basketball crew. The Mountaineers defeated Ohio State outright as five-point underdogs after which proceeded to cowl on the highway towards Kansas.

With the quantity of wagers WVU garners within the state, sportsbooks might have seen their income soar even greater if these two outcomes have been completely different.

WV Sports activities Betting Abstract

Listed below are the latest figures launched by the WV Lottery Fee since WV sports betting revenue monitoring started in August 2018:

  • Deal with: $281,360,035.14
  • Income: $26,592,614.82
  • Taxes: $2,659,261.48

It was two busy weeks for sports activities betting in WV. Total, deal with reached $7,750,938.29 for the week of Dec. 28, a 9% enhance from the earlier week. The motion elevated the following week, rising 15% and totaling $Eight,907,041.08.

Income figures have been robust, too. Sportsbooks earned $728,492.40 on Dec. 28, a four% uptick from the week prior. Then for the week of Jan. four, books generated $902,230.61, a 24% leap from per week in the past.

A Nearer Look At WV Sports activities Betting Deal with

Hollywood On line casino is on the high as soon as once more with a powerful eight-figure deal with. Hollywood had a strong week for Dec. 28 accepting over $four.Eight million in bets and it adopted that up with one in every of its finest weeks ever for Jan. four.

Hollywood Sportsbook totaled greater than $5.7 million in deal with — its second-best exhibiting so far. This was simply the seventh time Hollywood has exceeded $5 million in wagers.

Whereas its retail location beat out its companion, DraftKings’ on-line app each weeks, the net sportsbook did have its second-best week. The over $2.four million in deal with was lower than $90,000 away from setting a brand new mark.

The Greenbrier completed in second with barely over $four million in wagers for the 2 weeks. Its sportsbook’s deal with hit greater than $2.2 million for the primary time in 5 weeks.

Not like Hollywood, The Greenbrier’s on-line app, FanDuel Sportsbook, took within the majority of the bets. The truth is, the cellular app accounted for round 87% of the overall deal with.

For Jan. four, FanDuel accepted over $1.9 million in bets, its highest deal with in 5 weeks. The Greenbrier’s retail did effectively, too, incomes greater than $300,000 for the primary time in 5 weeks.

Mountaineer On line casino completed final amongst energetic books with simply underneath $2 million in deal with. Even with out a web based sportsbook, it accepted over $1 million in wagers for Dec. 28. This was the third time it’s surpassed $1 million within the final 5 weeks.

It adopted that up with one other good week, developing simply in need of seven figures.

Right here’s how the WV sportsbooks rank for weekly deal with for the two weeks ending Jan. four:

  1. Hollywood On line casino ($10,559,598.45)
  2. The Greenbrier ($four,117,565.67)
  3. Mountaineer On line casino ($1,980,815.25)
  4. Mardi Gras On line casino ($zero)
  5. Wheeling Island ($zero)

wv sports betting handle for jan 4

A Nearer Look At WV Sports activities Betting Income

Hollywood On line casino additionally led the best way with reference to producing income. Its sportsbook earned greater than $1 million at some stage in the two-week interval.

The $680,000 the e book made for the week of Jan. four was Hollywood’s highest in 10 weeks.

Whereas DraftKings had success, Hollywood’s retail location earned extra each weeks. It made round $170,000 for the primary week after which over $440,000 for Jan. four.

DraftKings did generate greater than $235,000 this previous week, its finest efficiency for income in two months.

The Greenbrier got here in second with virtually $400,000. Its on-line platform with FanDuel earned round $99,000 for the week of Dec. 28 after which over $210,000 the following week.

Though its retail sportsbook didn’t settle for too many wagers, it nonetheless managed to make almost $65,000 in income for Dec. 28. This was its finest exhibiting in 5 weeks.

Mountaineer On line casino had two very completely different weeks. It earned round $230,000 the primary week, then proceeded to lose over $5,000 the following. That is the second time in a month that its sportsbook has been within the pink.

On a optimistic be aware, the $230,000 in income was its finest mark in 16 weeks.

Right here’s how the WV sportsbooks rank for weekly income:

  1. Hollywood On line casino ($1,015,654.79)
  2. The Greenbrier ($390,786.72)
  3. Mountaineer On line casino ($224,281.50)
  4. Wheeling Island ($zero)
  5. Mardi Gras On line casino ($zero)

WV sports betting revenue for Jan 4

On the board for WV Sportsbooks

WV Basketball

The WVU Mountaineers basketball crew continues to roll within the Huge 12 Convention. Since shedding to Kansas by a small margin, they’ve gained three straight convention video games and now sit with a 14-2 report total.

Their newest win got here in a blowout vogue as they took down the TCU Horned Frogs by 32 factors at residence in Morgantown. The Mountaineers seem like firing on all cylinders as they enter the center of their schedule.

WVU’s subsequent sport will probably be this Saturday on the highway at Kansas State. It’s going to almost definitely be sizable favorites once more, because the Wildcats are solely 7-9 on the season.

In Huntington, Marshall basketball is having an up-and-down 12 months. The Herd defeated Center Tennessee on the highway final Thursday however then dropped their subsequent sport towards UAB.

Marshall will look to enhance on its Eight-9 report because it hosts Charlotte on Thursday and Previous Dominion this weekend.

NFL Convention Championships

With the faculty season full, there are solely three soccer video games remaining to shut out the season. The NFL enters its Championship Weekend with two very attention-grabbing matchups:

  • Sunday, Jan. 19 at three:05 p.m. ET: AFC Championship sportTennessee Titans vs. Kansas Metropolis Chiefs
  • Sunday, Jan. 19 at 6:40 p.m. ET: NFC Championship sportInexperienced Bay Packers vs. San Francisco 49ers

Betting on the NFL earns nearly all of bets in most markets, this weekend will probably be no completely different because the groups heading to Tremendous Bowl LIV are revealed.

The publish West Virginia Sportsbooks See Uptick In Wagers Thanks To WVU Hoops & College Football Bowl Season appeared first on Play WV.