WV sports betting off to strong start in new fiscal year
West Virginia’s sports betting market has reported revenue of $704,475.03 for the first five weeks of the state’s fiscal year, with Penn National Gaming’s Hollywood Casino at Charles Town Races maintaining its leadership of the market.
For the five weeks to 3 August, beginning from the start of the state’s 2020 fiscal year on Monday 1 July, taxable revenue generated in the state came predominantly from the Penn National venue, which accounted for $539,879.54 of the total.
Customer stakes amounted to $7.6m over the period, with Hollywood Casino accounting for $6.0m of this sum.
The operator, which has partnered DraftKings for its sportsbook offering in the state, generated the bulk of revenue over the week to 20 July, when revenue hit $274,305.20. This followed a difficult week to 13 July, in which it posted a loss of $70,437.89.
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