West Virginia saw legal sports betting action decrease for the fourth consecutive month. However, online and retail operators combined to produce a 12% hold to take the sting off a lower handle.
The Mountaineer State, according to figures released Monday by the West Virginia Lottery, kicked off a new fiscal year in July by taking in $20.9 million in wagers, down 25.3% month-over-month. It was the lowest handle for West Virginia in over four years, but the state is approaching $250 billion in handle since sports betting went live in 2018.
Revenue took a lesser dip of 3.8% as July produced $2.5 million in profits, which was down 4% year-over-year, thanks to a 12% hold.
