Sports betting handle and revenue drop in West Virginia in April

Sports betting handle and revenue drop in West Virginia in April

Article brief provided by Covers
  • Brad Senkiw, Covers
May 16, 2023 9:06 PM
  • Brad Senkiw, Covers
  • West Virginia

West Virginia felt the effects of no football or March Madness in April as the legal sports betting handle fell 11% month-over-month.

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The April handle was 7% higher than the same month in 2022, but revenue took an even steeper drop month-over-month as the $2.8 million in profits was 35% less than in March.

The Mountain State’s lottery commission reported it was a much better month for sports bettors, who took advantage of West Virginia’s hold falling from 9.8% in March to 7.2% in April.

Online sports betting sites made up $35.7 million of the handle — which was down about 21% from the previous month — while retail sportsbooks took in $2.8 million in wagers.