West Virginia Sports Betting Tops $320K

Mon, Sep 17, 2018

More than $320,600 was wagered at Hollywood Casino at Charles Town Races in West Virginia in the first week of legalized sports betting, starting August 30. As of September 10, the state received $29,500 in tax revenue from the five casinos offering sports books. West Virginia was the fifth state to offer sports betting.

According to the West Virginia Lottery Commission, more than $320,600 was wagered at Hollywood Casino at Charles Town Races during the first week of sports betting which started August 30. Along with its partner William Hill, the casino held a full, official sports betting launch on September 1.

Betting currently only is available at West Virginia’s five land-based gambling venues; online betting still is illegal. Officials at the Greenbrier, partnering with FanDuel, said the casino will launch its sports book soon.

Sports betting operators must pay a license fee at $100,000. At a tax rate of 10 percent of revenue, the state received an additional $29,500 as of September 10.

West Virginia became the fifth state to introduce sports betting, under legislation the state passed prior to the U.S. Supreme Court lifting the federal ban in May.

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