The history of gambling legalization in West Virginia is a short one, but the revenue has increased dramatically.
According to The American Gaming Organizatoin, as of December 31, 2021, the Gross Gaming Revenue in West Virginia was $668.0 million. The size of the circle on the website indicates the number of casinos in West Virginia.
Additionally, the revenue from online gaming in West Virginia saw a 29.1% boost from February to March. In February, the revenue was $8 million and in March, it was $10,343,361. It is worth noting that West Virginia counts its iGaming and sports betting numbers weekly rather than monthly.
Play WV states that the West Virginia Lottery releases the WV sports betting revenue information for licensed operators each week. It is also mentioned that BetLucky was West Virginia’s first mobile sportsbook but it was forced to shut down, and its handle and revenue are included in the Mardi Gras and Wheeling Island reports for 2019.
The tax rate on gaming revenues is currently 35 to 49% of adjusted gross gaming revenue and that the development of the lottery in West Virginia started in 1984, when voters approved a constitutional amendment allowing a state lottery, and the first tickets were sold in 1986.
What games are included in the gaming revenue report for WV?
According to the West Virginia Lottery Commission, the types of casino games that are allowed in West Virginia include slot machines, video lottery terminals (VLTs), table games such as blackjack, craps, roulette, and baccarat, and poker. In addition to these casino games, West Virginia also allows sports betting, both retail and online, as well as online lottery and online casino games. As of 2021, West Virginia has five casinos and one racetrack casino, all of them are allowed to offer the above-mentioned games.
What percentage of the WV population is gambling?
It’s difficult to provide a very broad estimate of the level of participation in gambling activities in West Virginia without access to more specific data. However, in general, it’s safe to say that the level of participation in gambling activities may vary depending on the availability of gambling options and the population’s disposable income. The state’s population is around 1.8 million people. Based on the reported revenue from gambling activities, such as casino games, sports betting, and lottery games, it’s likely that a significant portion of the population participates in at least one form of gambling, although it’s hard to give a percentage or a number.
While it’s possible that 20% of the population does engage in gambling activities, it could also be lower or higher. Participation in gambling activities can vary greatly and can be influenced by many factors such as population, disposable income, and the availability of gambling options. https://www.youtube.com/watch?v=Y8ywf2z4D14