West Virginia’s Online Casino Market Hits Near-Record $14.8M Revenue in December 2023

This impressive figure represents a 22% increase compared to the same month in the previous year and aligns with the consistent growth observed over the last six months.

Robust Growth Across Operators

The Greenbrier license operators, including FanDuel, BetMGM, and Golden Nugget, maintained their leadership in the market, contributing $6.7 million in revenue.

Close on their heels were Charlestown licensees like DraftKings and PointsBet, which collectively generated $5.5 million.

Emerging Players Gaining Ground

Notably, BetRivers and Caesars, operating under the Mountaineer license, achieved an all-time high with $2.5 million in revenue.

This performance marks a significant stride for these operators, now holding a 17% market share, up from 13% a year ago.

Our Comment on the Article

The West Virginia online casino market’s performance in December 2023 is a testament to the robust and dynamic nature of the iGaming industry in the state. The near-record revenue highlights the growing popularity and acceptance of online gambling among West Virginians.

It’s particularly encouraging to see emerging players like BetRivers and Caesars making notable progress, indicating a healthy competitive environment that benefits players through diverse and innovative gaming options. This upward trend in revenue not only boosts the state’s economy but also sets a promising trajectory for the industry’s future, forecasting continued growth and potential new market entrants. As the market matures, it will be interesting to see how operators evolve their strategies to maintain and grow their market share in this thriving sector.