A downturn in April may have been expected for West Virginia online gambling, but it didn’t make things easier to digest.
Both verticals showed monthly declines from similar timeframes last month, according to the West Virginia Lottery’s weekly reporting system. Online casino gaming handle and revenue fell less than sports betting, whose seasonal nature led to a double-digit drop in handle and an even worse revenue plunge.
Weekly reporting periods end each Sunday, consisting of data from the previous Monday. As such, we’ll be comparing 28-day periods from each month.
Online casino growth remains strong, despite relative slide
The seven West Virginia online casinos combined to accept $326.8 million in wagers between April 2-29, a 4.8% decline from the previous four weeks (March 5 to April 1). Casinos returned $314.6 million to bettors, generating $12.1 million in revenue (-4.5% month-over-month).
If you zoom out, however, the story changes for the better. Year-over-year handle grew 62.8% from $210.9 million in April 2022, and revenue grew by 58.2% from $8 million.
These numbers aren’t a coincidence, either. April marks seven consecutive months where the iGaming handle has topped $300 million.