The month of May has been extremely profitable for West Virginia online casinos. After experiencing a setback in April, they managed to bounce back and record the most profitable month in the state since the market started (June 2020).
The four leading online casinos in West Virginia were mainly responsible for this massive leap. They are BetMGM WV, DraftKings Casino WV, FanDuel WV, and BetRivers WV. Each of these operators was able to generate $1 million in profits.
Online bettors are also to thank for this massive achievement as they were in full force. Reports stated that they managed to wager over $138 million, which is a new record in West Virginia.
Details Concerning the Revenue
The leader for the month of May was The Greenbrier. This brand provides licensing to BetMGM and FanDuel. As stated earlier, these two online casinos were able to generate around $1 million in revenue each or a total of $2 million.
Additionally, Hollywood Casino, which works with DraftKings earned around $1.9 million. The massive revenue set a new record as May was the most profitable for the brand. Elsewhere, Mountaineer Casino, which operates via BetRivers generated around $300,000.
These numbers tell one thing and that is the fact that online gambling in West Virginia is on the rise. Since its launch in mid-2020, the online gambling industry has almost hit the $1 billion mark. As for the revenue in the upcoming months, it is believed that it will increase, considering the fact that West Virginia now has 4 operators where players can enjoy the latest gambling games.
Why People In West Virginia Like To Access Online Casinos?
West Virginia became the fifth state in the USA to legalize gambling. Ever since 2020, the state also legalized online casinos, and players from this state were thrilled to hear this news. Online casinos provide players in West Virginia with a plethora of advantages, including easy access, 24/7 availability, great security, and tons of bonuses and promotions to choose from.
Online casinos in West Virginia allow players to play their favorite casino games at any time and place. Not only that, but they utilize the latest HTML5 technology, which makes them accessible on mobile and desktop devices.
West Virginia is one of the few countries where online gambling is legal, although it is somewhat restricted here. The law states that there will be a total of 15 online casinos that will be able to legally provide the residents with gambling services.
The USA has been having a rather flexible approach lately when it comes to online casinos. More and more states are likely to legalize this industry in the next couple of years. West Virginia was among the first ones and from what we can see, the results are fascinating as the revenue of these operators keeps increasing with every passing month.