NFL AND WVU FOOTBALL FUTURES CONTINUE TO DRIVE WV SPORTS BETTING MARKET
There are a number of signs from the West Virginia sports betting market thanks to college and NFL football’s return. In betting handle with the maximum gambled to make its recurrence, the WV marketplace is seeing a good jump.
In general, the three active land-based WV sportsbooks saw yet another increase in total handle for the week ending Aug. 10. For its very first time in fourteen days the manage that was overall surpassed the 2 million mark this week Following a good showing.
It’s apparent that soccer wagers are what is driving the marketplace, although the figures that were betting are down for a while in the Mountain State. There are regional groups which are popular with bettors Though there is no NFL team inside the country.
They enjoy betting on WVU football much more Although residents in WV enjoy the NFL. Their season is started by the Mountaineers less than two weeks at home in Morgantown. Prior to entering the thick of the schedule they open against FCS opponent James Madison.
A good deal of bettors might be cynical, but the WV Lottery has come out again saying there’s a”good chance” that a cellular sports gambling app will be live in time for football season.
Gamblers in the state have been since March an online sportsbook. The yield of soccer will help provide a boost but it won’t be sustainable without a mobile option.
Residents are waiting for a number. They include:
Together with the manage earnings figures were notable as well this week. Sportsbooks earned nearly $200,000 within their fourth-straight week end finish in the black.
This week’s report includes activity from Aug. 4-10 for WV sportsbooks:
Wheeling Island Sportsbook and mardi Gras Sportsbook are still shut. It seems unlikely that both will soon accept stakes from the start of the football season.
Here are the??latest figures??released by the WV Lottery Commission since??WV sports began in August 2018:
It had been another good week for the sports. WV sportsbooks’ handle grew by 12 percent, totaled $2,146,221.23.
Revenue figures went in the right direction. Sportsbooks made $194,544.43, a 774% growth from the last week.
The sports betting handle has grown in three of their four weeks. Now that football season is almost here, it appears that futures wagers have pushed the handle back to a mark.
WV accepted more than $2 million in bets for the first time.
Hollywood Casino led the way as it had one of its greatest weeks. Its manage capped $1.8 million for the first time since late April. As Hollywood Sportsbook is the top driver of both earnings and handle this is a sign for the WV marketplace.
Despite the manage of Mountaineer Casino dropped. Following eclipsing $400,000 the week 15, it took around $275,000 in bets.
The Greenbrier completed this week in handle with over $40,000. That is more than twice its generation from a week ago.
Here’s the way the WV sportsbooks rank for weekly manage:
It is hard to comprehend what a slow gambling period is till you in a single. The mixture of that not being many sports available to wager on, together with the dearth of sportsbooks from the state limited the past couple of months, WV’s handle.
One of these factors has changed.
Since football has inched the overall manage of the state has continued to increase. Following just over $1.1 million handle a month ago, it has not dropped under $1.6 million because.
In four weeks time, the handle has return to a decent figure above $2 million.
Since it shows there are lots of bettors in the state seeking to place 26, this really is a great sign for the WV marketplace. It is promising that soccer futures can increase the deal large.
Sportsbooks should observe an handle whether that trend is any consequence of things to come, When the soccer season really begins.
It had been another great week to get WV sportsbooks in terms of generating revenue. They left money for its fourth consecutive week, a few of which were over six characters.
Hollywood Casino caught its top place back after a showing weekly. Its sportsbook made greater than $115,000 this week.
Mountaineer Casino had a wonderful week, also. It earned more than 60,000 in earnings, the most it has made in six weeks.
The Greenbrier bounced back well as well. It earned almost $14,000 after losing over $10,000 the preceding week.
Wheeling Island did not spend some wagers, however Mardi Gras dropped $100 even.
Here is the way the WV sportsbooks rank for earnings that is weekly:
It’s apparent there are gamblers from the state of WV seeking to bet on football. If futures contract for the upcoming season can generate this kind of a leap in handle and earnings, there’s no telling what the season could attract.
This is particularly true if WV actually gets around to launching a new mobile betting app.
Bettors might have the ability to find time to visit a land-based sportsbook after prior to the year starts, once the season’s underway but this likely won’t happen on a week-to-week foundation.
The state must find an option or else it will risk losing thousands every week. It’s much easier for a lot of WV residents to take a trip north than it would be to travel to one of only three retail publications within the state with Pennsylvania sports betting featuring several mobile platforms.
It appears that the WVU loyal has bet that the Mountaineers’ line up for their conflict with JMU. DraftKings at New Jersey has the odds for week , after starting as favorites:
Bettors are becoming inside their own futures Using the NFL season nearing as well. The most frequent is who will be this year’s Most Valuable Player. DraftKings NJ lists the odds for 2019 league MVP:
Chris Imperiale covers sports gambling and the online casino industries. He has a journalism degree from Rutgers University and was formerly on staff at Bleacher Report.
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