It turned out to be a huge week for West Virginia sportsbooks. For the first time since Februarythe WV sports exceeded $4 million.
This really will be the primary earnings report that is comprised data from the two newest online sportsbooks out there of the Mountain State. The two FanDuel Sportsbook and DraftKings Sportsbooks launched.
Their effect was felt immediately. In fact, WV’s entire handle hasn’t been so high since the beginning of February, when it hit $4.7 million. At that time, the WV market consisted of five sportsbooks as well as the BetLucky mobile app.
This should just be a glimpse as to what’s to come later on and is a really encouraging sign for online sports betting in the country.
WV bettors have plenty to choose from in terms of sporting events besides having two platforms now available. While this report has betting activity from college football’s opening weekend, it doesn’t include any NFL wagers.
WVU soccer is the very best team in the state and the maximum bet on, according to DraftKings WV. However, it is the NFL that garners most of the attention at sportsbooks. Betting amounts are made to continue to grow in addition to the prevalence of the online sportsbooks.
The increase in wagers helped boost the earnings figures, too. Sportsbooks made almost $700,000 for the week ending Aug. 31. Even though both WV college soccer teams won, books were able to earn their highest earnings since March Madness.
This week’s record includes action from Aug. 25-31 for all three WV sportsbooks that are active:
And Needless to Say, Additionally, It includes action for both active WV sportsbooks that are online:
Wheeling Island Sportsbook and mardi Gras Sportsbook are still closed, but certainly are all paying out bets. It’ll be interesting to see if either retail location re-opens in time to benefit from part of this soccer season.
Here are the??latest figures??published by the WV Lottery Commission because WV sports began in August 2018:
This had been the best sports betting week WV has found in a while. Handle increased 128% to total an outstanding $4,494,783.75.
Earnings figures were just as strong. Sportsbooks earned $674,009.37, a 137% increase from the week prior.
As stated, the entire handle of this week is the best. There is currently plenty of reason for hope, Even though the future of the WV sports betting market once appeared dim.
Hollywood Casino headed the way as a usual, however, this week that it took the top spot by accepting more than $3.2 million in wagers. The 3 billion mark hasn’t been hit by the handle of its own sportsbook .
Even though Mountaineer Casino did not do and Hollywood’s, its sportsbook did attain nearly $700,000 in manage. Surprisingly, Mountaineer has been the sole busy sportsbook with no an choice.
The guess of this week is a sign which Mountaineer’s land-based publication can still observe a lot of traffic. The opening Saturday of college football had a great deal to do with its own development in manage. It hadn’t attained $600,000 because the beginning of June.
The Greenbrier additionally had an incredible week. Its sportsbook took in more than $550,000 the highest total ever for its resort, in wagers.
Though this truth may be slightly skewed since the Greenbrier is a sportsbook that is personal, there’s no denying the effect FanDuel Sportsbook has had. The past week of the Greenbrier happened in late March, as it totaled around $389,000.
Here is the way the WV sportsbooks rank for weekly handle:
Online sportsbooks are the most popular approach to bet on sports in 2019. Nothing could have made it clearer than the speed at which DraftKings and FanDuel have affected the WV marketplace.
In less than a week’s period (both were not readily available for a full week), cellular gaming programs have given a much-needed increase of energy to the business.
While it was sure that sportsbooks would increase the handle finally, no one could have predicted that they’d help increase the market this fast. Together with bettors downloading the NFL season and both programs now underway, there’s no telling exactly what the WV market can perform.
Hollywood Casino directed all sportsbooks in earnings. More than 460,000, the most it has earned as February was made by its sportsbook.
DraftKings, hollywood sportsbook, aided add nearly $33,000 in earnings. It did better than FanDuel.
Mountaineer Casino finished in second with over $190,000. It hadn’t reached six figures in earnings since June.
It did not create a lot of revenue, even though The Greenbrier had a big week in terms of handle. Less than $20,000 was produced by its sportsbook for weekly.
A large portion of that rationale is that its app that is betting actually lost near $8,000. The $17,000 it did create was The Greenbrier showing in revenue in five months.
Mardi Gras Casino didn’t payout while Wheeling Island lost about $300 wagers settled.
Here’s how the WV sportsbooks rank for weekly revenue:
DraftKings earning around $33,000 is remarkable Even though FanDuel lost almost $ 8,000. For this week how far the handle of the state increased, revenue figures could have been better.
A justification for this is simple. Both WV school football teams won on Saturday and WVU backers over likely covered the spread.
The Mountaineers have been seven-point favorites right ahead of the match, but during the week leading up their spread was as low as -5.5. The majority of gamblers covered the spread, Although some bettors may have pushed with WVU victory over JMU.
This probably explains why revenue figures were not greater. This following week might be a fantastic sign of earnings possible as WVU didn’t come near covering on Saturday Missouri.
Thundering Herd and The Mountaineers will soon look to bounce back after tough losses this week. While Marshall lost a match, WVU took a beating against Missouri.
According to DraftKings, here would be the WV teams‘ chances heading into this weekend:
WVU vs. NC State
Marshall vs. Ohio
The NFL heads into Week 2 following a opening Sunday. The sides did not fare well, as all four groups inside the WV region took a loss this week.
Here are the outlines for this week’s games:
Cleveland Browns vs. New York Jets
Pittsburgh Steelers vs. Seattle Seahawks
Washington Redskins vs. Dallas Cowboys
Cincinnati Bengals vs. San Francisco 49ers
Chris Imperiale covers the online casino businesses and sports betting. He was on staff at Bleacher Report and has a journalism degree from Rutgers University.
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