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Joining the ongoing sports betting party in West Virginia is SportsBet, the Australian-based sports wagering operator and official betting platform of NBC Sports launching its sportsbook in the Mountain State on Friday hoping to get a part of the lucrative gambling market already existing there.
In a release to the press, PointsBet USA Chief CEO Johnny Aitken made it clear that his company has plans to provide its new West Virginia customers with a well-oiled wagering machine.
Launching in West Virginia represents further progress for PointsBet… As always, PointsBet will provide this passionate, sports-loving community with a fast and reliable online sports betting product across every customer touchpoint.
With plans to offer betting options for every NFL, NBA, MLB, NHL, WNBA, and PGA Tour contest, SportsBet enters a busy West Virginia betting business that has been around since the end of 2018.
The West Virginia Lottery Commission first handed out sports betting licenses back in August 2018, with all five of the state’s casinos eventually being awarded licenses by the end of that same year.
Despite the state only having the nation’s 40th largest citizenry, West Virginia has generated sports betting revenue of $518 million this previous fiscal year, up almost 30% and still growing, giving the state a much-needed financial boost in a post-pandemic time when the entire nation is struggling to pay its bills.
Because PointsBet already has a history of successful launches in seven other states, including New Jersey, Indiana, Illinois, Colorado, and Michigan, CEO Aitken is convinced that his company can bring West Virginia bettors a higher level of service than they are used to.
We are thrilled to now introduce West Virginian sports bettors to the competitive advantages PointsBet possesses in owning our technology end-to-end, such as our speed and ease of use as well as a deep slate of betting options.
Also launching on Friday in West Virginia is PointsBet’s online casino, an area of internet gambling that has been gaining wider popularity for years now in the United States, the company already operating online casinos in both New Jersey and Michigan.
In West Virginia, new online casinos are already a solid revenue generator, typically offering odds and payback percentages that are a bit higher than their land-based casino competition.
The state’s existing online casino market generated a betting revenue totaling about $4.3 million in the month of June alone, reflecting an almost 27 percent increase from May, a sign that that business is on the rise despite a relatively precarious economy.
As the West Virginia sports betting market continues to grow and prosper, expect their state neighbors like Maryland and Connecticut to notice all that potential revenue they are missing out on and get their own launches happening just as soon as they possibly can.
Check back here for the latest updates on the ever-evolving US sports betting market.
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Mike Lukas is a retired standup comedian turned freelance writer now living in Dallas, Texas, originally from Cleveland, Ohio. His love for the game of football and all things Cleveland Browns turned Mike into a pro blogger years ago. Now Mike enjoys writing about all thirty-two NFL teams, hoping to help football gamblers gain a slight edge in their pursuit of the perfect wager. Email: [email protected]
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