West Virginia’s newest legal sports betting operation had an underwhelming October, leaving the state with little revenue to tax.
On Wednesday, the West Virginia Lottery Commission (which oversees the state’s varied gaming operations) reported that the state’s two licensed sports betting operators handled total wagers of nearly $10.2m in October, more than one-third higher than the $7.5m the state reported in September.
Penn National Gaming’s Hollywood Casino, which was the first state gaming operation to open a sportsbook in late August, handled $9.36m in wagers last month, up from $7m in September. Hollywood’s betting revenue totaled just over $630k, of which the state claims 10% as its share.
Over at the members-only Greenbrier Resort, the Fanduel-powered sportsbook’s first full month of operation brought in wagers of $796k, more than twice the sum wagered in the two weeks the book was open in September. However, the Greenbrier’s upper crust bettors collected over $832k in winnings, leaving the book with no revenue and the state with no taxes.