WV Sports Betting Handle On The Rise As Sportsbooks Prepare For A Busy Weekend

Posted on August 14, 2020

Sports betting in West Virginia saw a strong increase in activity for the month of July. Mountain State sportsbooks’ handle grew to almost $15 million for the month, a 142% improvement from June.

This was encouraging news for a market that was struggling to generate a lot of bets. With the majority of popular sports sidelined until recently, sportsbooks haven’t been seeing too many wagers.

That is starting to change, though. After the WV Lottery released the latest week of sports betting within the state, it’s clear that sports betting is on its way back.

A big reason for the push in the right direction is the three WV online betting apps available on the market. Together, they accepted more than $10 million in bets in July. This accounted for about 70% of the overall handle.

While mobile platforms were the only source for sports betting during the COVID-19 shutdown, retail sportsbooks are contributing now, too.

The month of July was also a successful one in regards to revenue. WV sportsbooks earned over $1.4 million in total.

In spite of the handle discrepancy, retail locations generated plenty of revenue. The three active sportsbooks made more than $650,000, or 46% of the total.

August betting figures should most likely keep climbing due to the additions of the NBA and NHL. Hockey’s playoffs are onto the first round, while the NBA is just about set to head into its postseason.

Sportsbooks are filled with these markets throughout the weekend.

There are several other notable sports offered, like MLB and the PGA Tour. Although there isn’t another major tournament this week, sportsbooks have you covered for the Wyndham Championship.

Let’s take a closer look at the July revenue breakdown and preview what’s ahead this weekend to wager on.

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WV Sports Betting July Review

Even with the tough circumstances, the state is dealing with, WV sportsbooks are slowly getting back to their previous production. Continued success is important for the WV budget since it lost so much expected revenue over the last few months.

July was a step in the right direction and should be a sign of things to come. As major sports are on the calendar for the foreseeable future, the months ahead will likely feature even more betting.

Besides expanding upon a mostly slow June, the most recent figures truly show the difference online wagering makes. Even with limited markets for most of the month, this past July was much more profitable than July 2019.

Online sportsbooks didn’t re-emerge in WV until late Aug. 2019.

Total handle reached just over $6 million a year ago, compared to the nearly $15 million this July. This was a 129% increase between these two months.

Revenue took a sizable jump, too. The over $1.4 million in earnings from last month is a 190% increase from the around $500,000 from a year ago.

If there wasn’t any sports stoppage, these differences would be even wider.

Hollywood Casino, along with DraftKings Sportsbook, led the way in both handle and revenue.

Combined, they took in over $8 million in wagers, while generating almost $900,000 in revenue this July. DraftKings was responsible for 56% of the total handle, but just 39% of the revenue.

The Greenbrier finished second in both categories.

Its retail location and two online platforms totaled nearly $6 million in handle. FanDuel Sportsbook and BetMGM Sportsbook drove most of the betting at The Greenbrier, with 98% of the total.

The sportsbooks didn’t do poorly earning revenue, either. The Greenbrier earned about $445,000 during the month.

Mountaineer Casino brought up the rear for active sportsbooks. It still doesn’t include an online app to go with its land-based book.

Mountaineer accepted around $750,000 in wagers and earned slightly more than $85,000 in July.

Both Mardi Gras Casino and Wheeling Island remain closed for sports betting.

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NHL Playoffs At WV Sportsbooks

The NHL playoffs started off as if there hadn’t been any layoff at all. Teams stepped on the ice and immediately starting delivering big hits and skillful goals.

With the qualifying round now complete, 16 teams remain in what looks like the more traditional NHL postseason.

Games are on every day, even in the afternoon. Of course, this weekend is no different, with 14 total matchups between Friday and Sunday.

Although some of the series have already started, online sportsbooks always update futures odds. You’re able to wager on series prices throughout the round, as well as individual games and props.

Hockey fans are in luck because there are so many good series to watch and bet on. On the opening night of the first round, the Tampa Bay Lightning came out victorious over the Columbus Blue Jackets in the fifth overtime session.

Despite setting a record with 85 saves in the game, Jackets’ goalie Joonas Korpisalo took the defeat. Lightning forward Brayden Point scored his second goal of the game ten minutes into the eighth period.

Playoff hockey is known for having some long contests that stretch on for more than three periods.

DraftKings includes more than enough hockey lines to bet on. At the moment, bettors can take the following odds on which teams will win the following series:

  • New York Islanders (+113) vs. Washington Capitals (-136)
  • Arizona Coyotes (+235) vs. Colorado Avalanche (-286)
  • Montreal Canadiens (+195) vs. Philadelphia Flyers (-240)
  • Vancouver Canucks (+167) vs. Louis Blues (-200)
  • Columbus Blue Jackets (+375) vs. Tampa Bay Lightning (-500)
  • Chicago Blackhawks (+465) vs. Vegas Golden Knights (-670)
  • Dallas Stars (+165) vs. Calgary Flames (-200)

Betting On The NBA And PGA Tour

WV sportsbooks have plenty of other available markets for this weekend, as well.

The NBA’s regular season comes to a close on Friday night, so this weekend is your last opportunity to get a futures bet in prior to the start of the playoffs.

Its restart has been a success, with lots of good games being decided in the final seconds.

In the Western Conference, the fight for the eighth and final seed is on.

Portland now owns the final spot, with several other teams right behind it. The Grizzlies, Suns, and Spurs all sit just a half of a game back in the standings.

Whichever team finishes ninth will play the eighth seed in a play-in tournament to determine who gets to take on the Lakers.

With not much change at the top, betting odds haven’t shifted much during bubble play. Right now, FanDuel Sportsbook shows the following teams as the favorites to win this year’s NBA title:

  • Milwaukee Bucks +260
  • Los Angeles Lakers +280
  • Los Angeles Clippers +320
  • Houston Rockets +1000
  • Toronto Raptors +1000
  • Boston Celtics +1700
  • Denver Nuggets +2700
  • Miami Heat +3000
  • Dallas Mavericks +4900
  • Utah Jazz +4900
  • Portland Trail Blazers +7000
  • Indiana Pacers +8500

The PGA Tour’s Wyndham Championship is another option for the weekend. After another great Sunday of golf last week, we’ll see if the action from the Sedgefield Country Club in Greensboro, North Carolina can match it.

This week’s field isn’t quite as strong as at the PGA Championship, however, there are a lot of top players competing. According to BetMGM Sportsbook, the following are the odds to win this week’s golf event:

Wyndham Championship Odds

  • Webb Simpson +1000
  • Brooks Koepka +1200
  • Patrick Reed +1600
  • Paul Casey +2000
  • Tommy Fleetwood +2000
  • Justin Rose +2200
  • Harris English +2800
  • Billy Horschel +3300
  • Kevin Kisner +3300
  • Ryan Moore +3300
  • Sung-Jae Im +3300
  • Brendon Todd +3500
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Chris Imperiale

Chris Imperiale covers sports betting and the online casino industries. He has a journalism degree from Rutgers University and was formerly on staff at Bleacher Report.

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