Oops, It Did It Again: Another Record-Setting Week For WV Sportsbooks
One week after viewing their betting handle drop $1 million, West Virginia sportsbooks bounced back to their very best week ever. For the week of Oct. 26, sportsbooks in the Mountain State took in close to $8 million in wagers.
The entire handle of over $7.8 million will be about $100,000 over their previous best.
While retail publications did more than hold their own with $4.3 million, that the most internet sportsbooks dropped out this week. Both online sports betting apps out there in the country, DraftKings and FanDuel, combined to accept over 3.5 million in stakes.
This is the ideal performance by the internet programs, beating their previous week by more than $225,000. Even though there are some exceptions, it appears that the gambling figures continue to grow every week from the WV sports gambling marketplace.
West Virginia sportsbooks also created plenty of earnings that this week. Following a downward week in which they made just under $600,000, earnings figures were back more than $1 million.
The almost $1.4 million in revenue is the most sportsbooks have made in seven months.
Sports is reaching its full possible thanks to the presence of online wagering and the simple fact that we are in the middle of college soccer season.
There’s loads of action coming in, although the WVU Mountaineers and Marshall Thundering Herd remain the hottest tickets in sportsbooks. The NFL has passed the point, although the NHL and NBA seasons are now underway.
Together with WVU with a home game this week in Morgantown, figures that are gambling may jump greater. The Mountaineers have a Big 12 matchup that Saturday with Texas Tech.
This week Even though it is still an underdog with WV sportsbooks, WVU is getting. It will be interesting to see if it can carry over the momentum it built following a showing against Baylor.
This week’s report includes activity
Listed below are the key takeaways in the Oct. 26 characters:
Each week sportsbooks appear to get popular in WV. Since the launch of DraftKings and FanDuel, more taxpayers are opting to bet on their mobile devices.
Online gaming handle has surpassed $3 million the last three weeks in a row, and with it costing $3.5 million this week.
Despite the fact that it’s hard to predict what is to come, there’s no reason to feel that online wagering will slow down. A record was set by sportsbooks for handle, however, places took in about $.
Although mobile hasn’t surpassed retail nonetheless, it’s merely a matter of time.
What’s truly remarkable about that week’s account is without gambling on a WVU football game, that sportsbooks set a record for handle. The Mountaineers played with OU on Oct. 19, but had another bye week before their latest game with Baylor.
By far the most popular team in the state WVU is of course there are plenty of soccer games to wager on. Then following week’s figures may be greater if sportsbooks can almost hit $ 8 million in handle this week with no activity on WVU.
On the contrary, Marshall football did have a game and its end result appeared to have a direct impact. Their three-point victory was not sufficient to cover the spread, although the Herd won the game against Western Kentucky.
Would have won, however, anyone lost. Since they took wagers over Marshall instead of 25, this defeat is a win for the sportsbooks concerning revenue.
Here are the?? most recent figures ??released by the WV Lottery Commission because WV sports began in August 2018:
It was a really busy week for sport. Total handle hit a new high of 7,849,278.27, a 16% increase in the week before.
Revenue amounts also did really well. Sportsbooks made $1,367,607.81, a 136% jump out of a week past.
Hollywood Casino has been lead the pack in sports gambling manage for weekly. Its sportsbook submitted an unbelievable overall handle.
That is the second-best week ever of Hollywood, coming roughly $225,000 shy of its handle up from two weeks ago.
A fantastic part of Hollywood’s success came from the sportsbook. Though it did not hit $2 billion in handle, the over $1.9 million is its own second-best showing in the fourteen days it’s been live.
The Greenbrier even had an incredible week. Its sportsbook had its very best performance ever, requiring more than $1.7 million wagers.
The most mobile sports betting app is accountable for nearly all the deal, Even though it’s somewhat different because the land-based sportsbook of The Greenbrier a part of an exclusive club. The internet sportsbook accounted for almost $1.6 million of the total.
This is the greatest week on the industry and its fourth week above $ 1 million of FanDuel.
Mountaineer Casino brings up the rear for the sportsbooks. Though its location is doing great by itself, the absence of a betting option is hindering Mountaineer’s growth.
Weekly, its handle totaled about $980,000. Mountaineer’s deal has dropped each week because, after hitting $ 1 million two weeks before.
Here is the way the WV sportsbooks position for handle:
Revenue was led to by hollywood Casino too. Its sportsbook generated around $1.1 million in profits for weekly.
This is a comeback for Hollywood per week back after earning under $270,000. Its sportsbook has now earned at least $1 million in three of the previous four weeks.
On another positive note, the DraftKings online app of Hollywood made close to $500,000. Its previous best was about $325,000.
Its revenue stream has been ordinary Although Mountaineer’s manage figures are powerful for a sportsbook that is retail. It ended second this week with approximately $155,000.
This is seven straight weeks that Mountaineer has neglected to earn $200,000 in earnings.
The Greenbrier came in last since its retail book really lost around $37,000. Its FanDuel Sportsbook pulled over $120,000 to out things. This is the fourth time the the internet publication has attained the mark for earnings.
Regardless of not taking any bets, Wheeling Island paid around $55.
Here is how the WV sportsbooks rank for revenue:
Since WVU hosts a home matchup with Texas 17, the weekend should be another exciting one. WV sportsbooks, in addition to morgantown, should be rocking as the Mountaineers have a real prospect of winning yet a second conference game.
Together with Marshall onto a bye, all eyes will be on WVU. Listed below are this week’s odds according to both online options available in the country, DraftKings and FanDuel:
Updated: Nov. 7, 2019
As teams are trying to keep pace with the best in their 23, the Week 10 of the NFL kicks off Thursday night. Though it has not been the best season for the sides, many are in the mix for a postseason berth.
Here are the week’s odds in accordance with DraftKings and FanDuel:
Last updated: Nov. 7, 2019
Chris Imperiale covers the online casino businesses and sports gambling. He has a journalism degree from Rutgers University and was on staff in Bleacher Report.
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