All operators combine to post a loss during Super Bowl week as retail sportsbooks really struggle.
Despite a losing Super Bowl week in the Mountaineer State, online sports betting operators still pulled off a solid February.
However, mobile sportsbooks hauled in over $3.8 million on a hold of 11.1%, which wasn’t that far off from the 13% overall win rate recorded in January. A drop in wagering, despite such a huge event like the Super Bowl, was expected during a month with just one NFL game. The handle in January was lower than in December in a state that thrives on football interest. February’s handle was up a modest 2.4% compared to the same month in 2023, but revenue spiked 34.3% year-over-year in a state that’s totaled nearly $10 million of profits in the first two months of 2024.
Hollywood Casino at Charles Town’s trio of FanDuel, Fanatics, and ESPN BET wasn’t far behind at $16 million in wagers or with the $1.7 million in revenue as all five of those online sportsbooks combined for double-digit holds.
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