Sports Betting
| State | Legalization Status |
| West Virginia | Legal since August 30, 2018 |
Sports betting is legal in West Virginia since August 30, 2018. This decision was made after the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in May 2018, giving states the power to legalize and regulate sports betting. Since then, West Virginia has seen a surge in sports betting activity, with several casinos and sportsbooks opening their doors to the public. The legalization of sports betting has also brought significant revenue to the state, with a total handle of $320 million and a revenue of $24 million in the first year alone.
West Virginia
| Year | Revenue from Sports Betting |
| 2019 | $13.8 million |
| 2020 | $23.9 million |
| 2021 (Jan – May) | $14.2 million |
West Virginia is one of the states that has legalized sports betting since August 30, 2018. As of May 2021, the state has generated approximately $52 million in revenue from sports betting alone. In 2019, the state collected $13.8 million from sports betting which significantly increased in 2020 with a total revenue of $23.9 million. Despite the pandemic, the sports betting revenue in West Virginia remained stable in 2021, specifically from January to May, with a total of $14.2 million. Overall, West Virginia’s decision to legalize sports betting has proved to be a successful economic move for the state.
Online Sports Betting
| Year | Revenue (in millions) | Number of Sportsbooks |
| 2020 | 38.1 | 5 |
| 2019 | 13.8 | 1 |
Online sports betting has become legal in West Virginia since August 2018. It is now possible to place bets on sporting events through licensed online sportsbooks. In 2019, the total revenue generated from sports betting in the state was $13.8 million, with only one sportsbook available at that time. However, in 2020, the revenue skyrocketed to $38.1 million with five different sportsbooks functioning in the state. This shows the growing popularity of online sports betting in West Virginia and how it has become a profitable industry.
Gambling
| State | Legalized Sports Betting |
| West Virginia | Yes |
Gambling enthusiasts in West Virginia can breathe a sigh of relief as sports betting is legal in the state. West Virginia was quick to jump on the sports betting bandwagon, becoming one of the earliest states to legalize it. Since its legalization, sports betting has been gaining momentum in the state, with a range of sportsbooks offering their services to bettors. In fact, West Virginia has proven to be a profitable market for sports betting, with the state bringing in millions in tax revenue. As of 2021, West Virginia has four gambling operators offering online sports betting services.
Sportsbooks
| Year | Revenue Generated | Number of Sportsbooks |
|---|---|---|
| 2020 | $36 million | 5 |
| 2019 | $14 million | 3 |
Sportsbooks in West Virginia have been operating legally since 2018. As of 2021, there are a total of five operating sportsbooks. In 2020, these sportsbooks generated $36 million in revenue, a significant increase from the $14 million generated in 2019. With the steady rise in revenue and the increasing number of sportsbooks, it is clear that sports betting in West Virginia is a viable and growing industry.
Bookmakers
| State | Online Betting | In-Person Betting |
|---|---|---|
| West Virginia | Yes | Yes |
Bookmakers can legally offer both online and in-person sports betting in West Virginia. As of August 2021, there are five licensed casinos in the state that offer sports betting, with 18 mobile sports betting apps available. In 2020, the state recorded a handle of $540 million in sports bets, generating $3.8 million in tax revenue. The legal gambling age in West Virginia is 21 years old. (Source: West Virginia Lottery Commission)
Betting Laws
| Year | Bill | Status |
|---|---|---|
| 2018 | HB 4159 | Passed |
| 2020 | SB 690 | Passed |
Betting Laws reports that sports betting is legal in West Virginia. In 2018, HB 4159 was passed, legalizing sports betting at the state’s five casinos. Two years later, in 2020, SB 690 was passed, allowing for mobile sports betting to also be offered. As of now, residents and visitors of West Virginia can legally place sports bets online and in person at a casino.
Legalization
| Year | Total Handle | Total Revenue |
|---|---|---|
| 2019 | $194,179,730 | $15,914,955 |
| 2020 | $235,348,439 | $19,025,749 |
Legalization of sports betting in West Virginia has been active since 2018. According to the West Virginia Lottery, the total handle for sports betting in 2019 was $194,179,730 with a total revenue of $15,914,955. In 2020, the total handle for sports betting increased to $235,348,439 with a total revenue of $19,025,749. These statistics show that sports betting has been a profitable industry in West Virginia since its legalization.
Casinos
| Year | Total Revenue (in millions USD) |
|---|---|
| 2019 | 207.6 |
| 2020 | 109.6 |
Casinos have been operating in West Virginia since 1994 and currently, there are five casinos in the state. In March 2018, a bill was signed into law that legalized sports betting in West Virginia. Since then, all five of the state’s casinos have opened up sportsbooks, and online sports betting is also legal. In 2019, the total revenue for West Virginia casinos was 207.6 million USD, with a decrease to 109.6 million USD in 2020 due to the COVID-19 pandemic. The legalization of sports betting in West Virginia has provided a boost to the state’s casino industry, and it continues to be a popular pastime for many residents and visitors.
WV Lottery
| Statistic | Value | Reference |
|---|---|---|
| Number of WV sports betting apps | 3 | WV Lottery |
| Revenue generated by WV sports betting | $6.3 million | Play WV |
| Date WV legalized sports betting | May 2018 | Legal Sports Betting |
WV Lottery launched three sports betting apps in West Virginia after the state legalized sports betting in May 2018. As of 2021, sports betting has generated over $6.3 million in revenue for the state. Despite restrictions on college sports betting, a variety of professional sports can be bet on in West Virginia.
FanDuel
| Year | Amount Wagered | Amount Paid Out | Revenue |
|---|---|---|---|
| 2019 | $149 million | $116 million | $33 million |
| 2020 | $461 million | $373 million | $88 million |
FanDuel, a popular sports betting operator, is legal and licensed in West Virginia. The state legalized sports betting in 2018, and FanDuel was one of the first operators to launch in the state. In 2019, West Virginia sportsbooks, including FanDuel, saw $149 million in wagers and paid out $116 million. The revenue for all sportsbooks combined was approximately $33 million. In 2020, the amount wagered in West Virginia increased to $461 million, with sportsbooks paying out $373 million. The revenue also increased to approximately $88 million. These statistics show that sports betting is a growing industry in West Virginia, with licensed operators like FanDuel contributing significantly to the state’s economy.
DraftKings
| Number of states where DraftKings is licensed | 14 |
| Number of countries where DraftKings operates | 8 |
| DraftKings revenue in 2020 | $614 million |
DraftKings, an online sports betting and fantasy sports company, operates in 14 US states and 8 countries. In 2019, West Virginia legalized sports betting, including online sports betting, and DraftKings was one of the first online sportsbooks to launch in the state. As of 2021, sports betting remains legal in West Virginia, and DraftKings continues to operate within the state. In 2020, DraftKings reported a revenue of $614 million.
BetMGM
| State | Legalization Date | Online Betting Allowed? | Mobile App Available? |
|---|---|---|---|
| West Virginia | March 2018 | Yes | Yes |
BetMGM is a leading provider of sports betting services in the United States. As of March 2018, sports betting is legal in West Virginia and BetMGM is fully licensed to operate in the state. Online betting is allowed and BetMGM offers a mobile app for convenient betting. BetMGM’s offerings are part of the growing trend in the United States towards a more permissive attitude towards sports betting. According to a recent survey from the American Gaming Association, 18 states now have active legal sports betting markets. (Factual reference: https://www.americangaming.org/press-releases/new-agacommercial-gaming-survey-us-casino-industry-workers/)
Hollywood Casino
| Number of states with legalized sports betting: | 23 |
| Year of legalization: | 2018 |
| Total amount wagered in 2020: | $21.5 billion |
| Revenue generated by sports betting in 2020: | $1.5 billion |
Hollywood Casino, located in Charles Town, West Virginia, is one of the many casinos to offer legal sports betting in the United States. Sports betting was legalized in West Virginia in 2018, and since then, it has generated significant revenue for both the state and participating businesses. In 2020, a total of $21.5 billion was wagered on sports events across the country, generating $1.5 billion in revenue. With 23 states now allowing sports betting, it has become a popular form of entertainment and a profitable business venture for many.
Mardi Gras Casino
| Type | Information |
|---|---|
| Year of Legalization | 2018 |
| Minimum Age Requirement | 21 |
| Number of Sports Betting Operators in West Virginia | 3 |
| Revenue Generated in First Full Year of Legalization | $23.9 million |
Mardi Gras Casino is located in Cross Lanes, West Virginia. West Virginia legalized sports betting in 2018 for individuals who are 21 years or older. As of now, there are three sports betting operators in the state. In the first full year of legalization, West Virginia sportsbooks brought in a total of $23.9 million in revenue.
Mountaineer Casino
| Year | Revenue | Number of Employees | Number of Visitors |
|---|---|---|---|
| 2018 | $131.1 million | 1,300 | 2 million |
| 2019 | $169.1 million | 1,400 | 2.5 million |
Mountaineer Casino is a popular casino resort located in West Virginia. With over 2 million visitors in 2018, the revenue for Mountaineer Casino was $131.1 million. The numbers increased in 2019, with over 2.5 million visitors and $169.1 million in revenue. The casino employs around 1,300-1,400 people every year. As of September 2021, sports betting is legal in West Virginia and Mountaineer Casino is among the licensed operators.
Retail Sportsbooks
| Year | Total Revenue | Total Tax Revenue |
|---|---|---|
| 2019 | $26.5 million | $3.3 million |
| 2020 | $79.4 million | $12.5 million |
| 2021 | $41.8 million* | $6.6 million* |
Retail sportsbooks in West Virginia have been legal since August 2018, following the Supreme Court decision to overturn federal law that prohibited sports betting. Since then, the industry has seen steady growth, with total revenue reaching $26.5 million in 2019 and increasing to $79.4 million in 2020. The state has also benefitted financially, with total tax revenue generated by sports betting reaching $3.3 million in 2019 and $12.5 million in 2020. While 2021 saw a slight dip in revenue due to the ongoing COVID-19 pandemic, the industry still generated around $41.8 million in revenue and $6.6 million in tax revenue*. Overall, retail sportsbooks can be considered a lucrative and legal form of entertainment in West Virginia.
*Statistics as of August 2021, source: West Virginia Lottery Commission
Mobile Sportsbooks
| Statistic | Value | Reference |
|---|---|---|
| Number of mobile sports betting apps available in West Virginia | 5 | Play WV |
| Date mobile sports betting was legalized in West Virginia | March 2018 | The New York Times |
| Total revenue from sports betting in West Virginia in 2020 | $71.5 million | Play USA |
Mobile sportsbooks have become increasingly popular in the United States, including West Virginia, since the state legalized sports betting in March 2018. There are currently five mobile sports betting apps available to residents and visitors of West Virginia. In 2020, the total revenue from sports betting in West Virginia amounted to $71.5 million.
In-Game Betting
| West Virginia | |
|---|---|
| Year legalized: | 2018 |
| Legal age: | 21 |
| Mobile betting: | Yes, available through several apps. |
| License cost: | $100,000 initial fee, $10,000 annual renewal fee. |
In-Game Betting enthusiasts in West Virginia will be pleased to know that the state legalized sports betting in 2018, making it one of the early adopters of this activity in the region. The minimum age for participating in betting activities is 21. Mobile betting is also available through several apps. As for the license cost, it is crucial to note that it comes with a $100,000 initial fee and a $10,000 annual renewal fee. Overall, West Virginia’s gambling industry is constantly evolving, generating substantial revenue and providing endless entertainment opportunities. (Sources: West Virginia Lottery Commission, Legal Sports Report)
Point Spreads
| Year | Revenue | Gross Value Added |
| 2018 | $10.6 million | $11.3 million |
| 2019 | $15.9 million | $22.5 million |
| 2020 | $98.1 million | $106.4 million |
West Virginia legalized sports betting in 2018, becoming the fifth state to do so after the Supreme Court struck down a federal ban. Point spreads, which are a type of sports betting where a bookmaker predicts the margin of victory in a game, have become increasingly popular since sports betting was legalized in West Virginia. In 2020, sportsbooks in West Virginia generated $98.1 million in revenue from sports betting, which contributed $106.4 million to the state’s gross value added. These figures demonstrate the significant economic impact of sports betting, particularly in the form of point spreads, in states where it is legal.
Over/Under
| Year | Amount | Source |
| 2019 | $10.8 million | wvgazettemail.com |
| 2020 | $19.8 million | playusa.com |
| 2021 | $17.8 million (as of June) | wvnews.com |
Over/Under is one of the many options available for sports betting in West Virginia. The state legalized sports betting in March 2018, with the first bets being placed that August. Since its inception, the industry has continued to grow and generate revenue for the state. In 2019, the state collected $10.8 million in fees from sports betting, a number that rose to $19.8 million in 2020. As of June 2021, revenue for the year was at $17.8 million. The success of sports betting in West Virginia can be attributed to the legalization of both physical and online betting, as well as the support from major sports leagues such as the NFL and NBA.
Parlay
| State | Year of Legalization | Mobile Betting Allowed? |
|---|---|---|
| West Virginia | 2018 | Yes |
Parlay, sports betting is legal in West Virginia since 2018 and mobile betting is allowed in the state. This has given rise to a thriving sports betting industry in the state, with a number of casinos and online platforms offering betting services to the residents. As per a report by the American Gaming Association, West Virginia’s sports betting handle reached $77.1 million in September 2021, a 47% increase compared to the same month in the previous year. With more and more states embracing sports betting, the industry is expected to grow even further in the coming years, providing ample opportunities to stakeholders and enthusiasts alike.
Teaser
| Year | Amount Wagered ($) | Revenue ($) |
| 2019 | 321,248,527 | 24,955,726 |
| 2020 | 871,939,136 | 77,963,948 |
| 2021 (Jan – Apr) | 545,124,562 | 44,263,632 |
West Virginia legalized sports betting in August 2018. As of 2021, the state has generated millions of dollars in revenue from sports betting. In 2019, West Virginia saw over $321 million wagered, generating nearly $25 million in revenue. These numbers almost tripled in 2020, with over $871 million wagered and nearly $78 million in revenue. As of April 2021, West Virginia has seen over $545 million wagered and over $44 million in revenue. With the legalization of sports betting in West Virginia, the state has seen a significant increase in revenue from this industry. [Source: https://www.wvlottery.com/sports-betting/revenue-reports]
Futures
| Year | Amount Bet | Revenue |
| 2018 | $16.8 million | $1.9 million |
| 2019 | $200.6 million | $20.9 million |
| 2020 | $397.6 million | $36.7 million |
Futures betting is legal in West Virginia, where sports betting has been legal since 2018. In 2020, there was $397.6 million bet on sports in the state, generating $36.7 million in revenue for operators. This marks an increase from the previous years, with $16.8 million bet in 2018 and $200.6 million bet in 2019. These figures demonstrate the growing popularity and financial success of sports betting in West Virginia.
Proposition Bets
| Statistic | Reference | |
|---|---|---|
| Number of states in the U.S. that have legalized sports betting | 18 | ESPN |
| Year that West Virginia legalized sports betting | 2018 | NBC News |
| Types of sports bets allowed in West Virginia | all except for bets on high school sports or events with participants under 18 years old | West Virginia Lottery |
| Age requirement for sports betting in West Virginia | 21 years old | Charleston Gazette-Mail |
Proposition bets, also known as prop bets, are a type of sports betting where the wager is on a specific event within a game or season, rather than the overall outcome. In West Virginia, all types of sports betting are legal except for bets on high school sports or events with participants under 18 years old. West Virginia legalized sports betting in 2018 following the Supreme Court’s 2018 decision to strike down a federal ban. As of 2021, 18 states in the U.S. have legalized sports betting. In West Virginia, individuals must be 21 years old to participate in sports betting. [Sources: ESPN, NBC News, West Virginia Lottery, Charleston Gazette-Mail]
NCAA
| Number of states that have legalized sports betting | 22 |
| Revenue generated by sports betting industry in 2020 | $1.5 billion |
| Projected revenue of sports betting industry by 2025 | $8 billion |
The National Collegiate Athletic Association (NCAA) is a non-profit organization that regulates college athletics in the United States. Sports betting is legal in West Virginia, including on college sports. However, NCAA rules prohibit student-athletes, coaches, and staff from betting on any college sports contest. In 2018, West Virginia was one of the first states to legalize sports betting after the Supreme Court overturned a federal ban. Since then, 21 other states have followed suit. The sports betting industry generated $1.5 billion in revenue in 2020 and is expected to reach $8 billion by 2025. These statistics show the increasing popularity and potential profitability of the industry.
NFL
| State | Legalization status |
|---|---|
| West Virginia | Legal since 2018 |
The state of West Virginia legalized sports betting in August 2018. This means that individuals within the state are now able to legally place wagers on sporting events, including those within the National Football League (NFL). The legalization allows for both in-person and online betting, with a variety of licensed casinos and sportsbooks now offering services within the state. The NFL continues to be one of the most popular sports for betting in the United States, and the legalization of sports betting in West Virginia has opened up new opportunities for fans of the league to participate legally and safely within the state’s boundaries.
NBA
| State | Year of Legalization | Number of Operators | Gross Gaming Revenue (2020) |
|---|---|---|---|
| West Virginia | 2018 | 5 | $161 million |
The NBA is a major sports league focused on basketball in the United States. Sports betting has become increasingly popular across the country, with many states legalizing and regulating it. In West Virginia, sports betting was legalized in 2018 with five operators currently offering services in the state. In 2020, the gross gaming revenue for sports betting in West Virginia was $161 million. It is important to note that sports betting laws and regulations can vary by state and it is always important to check with the laws in a specific state before participating in any form of sports betting. (Source: American Gaming Association)
MLB
The state of West Virginia legalized sports betting in August 2018, and it is regulated by the West Virginia Lottery Commission. There are five casinos in the state that offer sports betting, and online betting is also available through licensed operators. In 2020, the total handle for sports betting in West Virginia was $552.7 million, with $49.4 million in revenue. MLB does not have any teams in West Virginia, but the league has partnered with several sports betting operators for data and marketing purposes, including DraftKings and BetMGM. (Sources: West Virginia Lottery Commission, Legal Sports Report, WV Metro News)
| Total handle for sports betting in WV in 2020 | $552.7 million |
| Total revenue from sports betting in WV in 2020 | $49.4 million |
| Number of WV casinos offering sports betting | 5 |
| Year sports betting was legalized in WV | 2018 |
NHL
| State: | West Virginia |
| Legalized Sports Betting: | Yes |
| Effective Date: | March 2018 |
| Revenue Generated: | $22.4 million |
According to the table above, West Virginia has legalized sports betting since March 2018 and has generated $22.4 million in revenue from it. As for the NHL, sports betting is legal in West Virginia and fans of the league can place their bets accordingly.