The West Virginia Lottery reported that residents of the US state spent about $28 million on sports betting in June.
The number is down 12% compared to the May figure and also down 15.7% year-over-year. Around $25 million was wagered online, while retail sports betting totaled $3 million.
West Virginia sportsbook revenue was $2.6 million, down 25.4% from May. Retention dropped from 10.8% in the previous month to 9.3%.
The state, which has a 10% tax rate, collected $261,000 in taxes in June, up from $294,361 in May.
State gaming and sports betting market numbers
West Virginia took in $20.8 million in igaming taxes and $5.3 million in sports betting during the last fiscal year, up from $12.9 million in igaming and $4.5 million in sports betting in the fiscal year 2022.
The US state keeps $17.5 million from gaming taxes, while $3.1 million goes to administering the state program and $177,000 goes towards employee pensions.
There were US$ 4 billion in gambling bets, with casinos earning US$ 139 million. West Virginia reported $455.5 million in mobile sports betting and $71.6 million in retail installations during the fiscal year.
About the West Virginia Lottery
The West Virginia Lottery’s mission is to operate in a socially responsible manner with the highest standards of integrity and security to generate revenue for programs that benefit the citizens of the State of West Virginia.
Under state law, the Lottery Commission must have seven members, including an attorney, a certified public accountant, a computer specialist, a marketing specialist, and a member with at least five years of experience in law enforcement.
Two other members represent the “general public”. No more than four members can be from the same political party. Unless they fill an unexpired appointment, members serve five-year overlapping terms and are eligible for successive appointments to the commission.
