West Virginia Sports activities Betting, iGaming Numbers Up in March

After dropping beneath $50 million in whole sports activities betting deal with in February, March was a lot kinder to West Virginia, going properly over $61 million.

In whole, March noticed a 24.8% enhance, going from $49,271,097 in February to $61,482,860 in March. The $61,482,860 was even increased than January 2022, which posted over $58 million.

Cell sports activities betting elevated by 21.2%, going from $41,234,097 in February to $49,968,018 in March.

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WV Sports activities Betting, March vs. February

Complete deal with Cell deal with Income
March $61.483M $49.968M $3,336M
February $49.272M $41.234M $1.955M
Change Up 24.8% Up 21.2% Up70.7%

Income and Taxes See Dramatic Enhance

Maybe essentially the most intriguing a part of this enhance in sports activities betting deal with in West Virginia was the income numbers. West Virginia noticed an astonishing income enhance of 70.7%, going from $1,954,999 in February to $3,336,284 in March.

With this enhance, the taxes additionally noticed a correlated rise of the identical proportion, going from $166,175 in states taxes in February to $283,584 in March.

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West Virginia iGaming Deal with Goes Up Once more

Along with sports activities betting, West Virginia iGaming noticed one more rise.

After a 15.7% enhance from January to February, there was one more enhance from February to March of 28.4% of whole deal with.

The figures in March had been $285,392,107 in comparison with $222,235,429 in February.

With the elevated deal with, income additionally rose for iGaming, from $8,013,328 in February to $10,343,361 in March — a 29.1% enhance.

Danger Free Guess as much as $1,000

West Virginia is one in every of six states to supply iGaming.

April Sports activities Betting Deal with Outlook

Whereas March was a wonderful month, this, indisputably, aligns with March Insanity.

With March Insanity has come and gone, the following huge sports activities betting occasion is the NBA playoffs, but it surely’s honest to imagine that this received’t be as huge of a draw as March Insanity was.

We predict lower in deal with from March to April 2022.

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