Summary: Recent reports indicate that the sports betting industry of West Virginia will be ready to offer mobile wagering in the near future.
Sports betting is in full swing within the state of West Virginia, as the region is one of the first to offer the new services thanks to a recent ruling by the United States Supreme Court. Acting quickly, West Virginia lawmakers wasted no time getting legislation and regulations in place, so operators could start taking sports bets. Now, it seems that the new industry is preparing to offer mobile wagering soon, ensuing players can post their wagers from anywhere in the state.
State Lottery Confirms
The state lottery director John Myers has confirmed that mobile sports betting is coming soon for the state. According to Myers, the Mardi Gras Casino and Wheeling Island gaming venue, both owned by Delaware North, are going to be offering retail as well as mobile sports betting in the near future. According to the director, the lottery has completed testing of the owner and both locations have a mobile application that will be taking online wagers.
In September, West Virginia started offering sports betting with the Hollywood Casino being the first to launch services. After that, FanDuel Sportsbook at the Greenbrier was able to get started as well. It would be two full months before another casino would start offering services. Just last week, Mountaineer Casino began offer sports betting. Once the other two venues get started, all five sports betting licenses will be in operation.
Mountaineer, Hollywood and Greenbrier will not offer mobile sports betting. The two new operators should be able to gain a strong market share once they launch their app for sports betting. To offer sports betting in general, operators have to pay a $100,000 licensing fee.
So far, the sports betting industry in the state has been slow going. The state has seen low returns, which can be expected when there are few operators offering services. During the first two weeks of this month, just over $22 million was taken in Handle while the Revenue generated was just over $2.7 million.
With the current pace, the state’s sports betting industry is short of the estimated $5.5 million in tax revenues, earning only $273,254 so far this month. Much less will be brought in at this rate. However, once mobile gaming is in full swing, then the amount should soar.
Take for example, New Jersey. The industry earned $175 million just from online and mobile wagering for the month of October. This a staggering amount and the new section of the sports betting industry has helped to ensure that the state is successful in their wagering efforts.
West Virginia may not make as much as New Jersey, but they should see a huge upswing in bets once mobile is a go. Players may be interested in sports betting but might not make the trip to a venue to place a bet. With mobile wagering, players can easily place a bet. State residents as well as visitors will be more willing to place wagers when they can do it from home at any time they like.
It will be interesting to see how the industry changes once mobile wagering is launched. Will West Virginia see a strong increase in wagering? Only time will tell if mobile betting will cause an increase or if the numbers will stay relatively the same.