Online Casinos Revenue in West Virginia Reaches Almost $24M in March

March proved historic for the West Virginia Lottery as internet casino revenue soared to unprecedented heights, surpassing the $20 million milestone for the first time. Operators raked in nearly $24 million in revenue for the month, marking an astounding 87.1% surge compared to the previous year.

This achievement shattered the previous record set in December at $18.2 million and marked only the third instance since its launch in July 2020 that revenue exceeded $15 million.

Moreover, the drop — or total amount wagered — soared to an all-time peak of $567.1 million, representing a staggering 57% surge from March 2023. This milestone saw the state surpass the half-billion-dollar mark in wagering for only the second time in its history, with the previous record set in December at $501.2 million.

Strong Tax Revenue Performance

In terms of taxation, the state pocketed a substantial $3.1 million after deducting a 15% administrative fee, bringing the total tax revenue for the first quarter of the year to nearly $7 million.

This robust tax revenue indicates a promising start to the year for West Virginia, especially considering that it received almost $20 million in state taxes from internet casino gaming for 2023.

Casino Highlights

• Hollywood Casino at Charles Town soared to nearly $10 million in monthly revenue, missing the milestone by just $42,000.
• The Greenbrier achieved its all-time high revenue of $9.3 million, maintaining a strong performance.
• Mountaineer Casino hit a record $3.9 million in revenue, doubling last year’s results.

Bolstered by partnerships with DraftKings, Fanatics Casino, FanDuel, Golden Nugget, and BetMGM, West Virginia’s online casino sector continues to expand rapidly.

Emerging Operators and Growth

• Mardi Gras Casino celebrated its first successful year online, generating $846,411 in revenue and $19.8 million in wagers.
• Betly’s platform surpassed $500,000 in revenue for the first time, marking a milestone in its growth.
• Combined online casino revenue across all operators exceeded $200 million for the first time, with a total drop of $223.8 million in March.

With record-breaking performance across the board, West Virginia’s online casino market shows no signs of slowing down, cementing its position as one of the fastest-growing iGaming jurisdictions in the U.S.