March is typically one of the most bet-on months of the year, but West Virginia sports betting did not follow that trend.
Per the West Virginia Lottery, the weeks ending in March produced a total handle of about $43.1 million. While these numbers are an 8.3% increase from February’s $39.8 million, they represented a 22.6% decrease from the approximate $48.5 million in March 2022.
This timeframe includes data from Feb. 26 through March 25. Any wagers placed the week leading up to April 1’s Final Four matchups will appear on next month’s records, indistinguishable from gameday action on the first of the new month.
Of the $43.1 million wagered, sportsbooks returned $38.8 million to bettors. This resulted in total revenue of $4.2 million (9.9% hold). The state collected 10% for taxes, nearly $421,000.
