West Virginia Sports Betting To Arrive Sept. 1States To Become Fifth With Legal Betting |
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As anticipated, West Virginia is launching sports betting ahead of the upcoming NFL season.
Thanks to a mid-May ruling from the U.S. Supreme Court, the state’s gambling facilities are now poised to offer a new form of betting in an effort to grow the casino gambling market.
Sports betting couldn’t come soon enough for West Virginia. The state’s casinos won $624 million from gamblers last year, a decline of 4.6 percent compared to 2016.
Hollywood Casino at Charles Town Races, owned by Penn National, plans to kick things off first. The company’s West Virginia sports book will be managed by William Hill US.
“Penn National is excited to soon begin offering sports wagering for our customers in West Virginia," said CEO Timothy Wilmott. "The enthusiasm around sports betting has been growing since the federal ban was repealed in May, and we look forward to providing our patrons with another great amenity to enjoy at Hollywood Casino at Charles Town Races.”
Scott Saunders, General Manager at Hollywood Casino at Charles Town Races, called the region “a hotbed of both professional sports and college athletics.”
In addition to Charles Town Races, the Mardi Gras Casino in Charleston and the Wheeling Island Casino in Wheeling have been approved for sports book by state officials.
William Hill, Penn National’s sports betting partner, currently operates 107 race and sports books in Nevada. The firm is also involved with New Jersey and Delaware casinos.
West Virginia’s launch follows Mississippi’s earlier this month. Pennsylvania and Rhode Island are among the states most likely to be next to launch sports betting.
On a national basis, the sports betting market could hit $6 billion by 2023, assuming more than 30 states have implemented the industry by then. That’s according to research group Eilers & Krejcik Gaming. The market could reach $15.8 billion if all 50 states have it, per Eilers & Krejcik Gaming. Deutsche Bank Securities in New York predicted that by 2023 there will be 13 states with active sports betting industries. Based on 13 states, the market could reach $4 billion.
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