Hollywood Sportsbook Reaches Milestone While Dominating WV Sports Betting

Chris Imperiale September 6, 2019 41 Reads
Hollywood Sportsbook dominates WV sports betting

Since debuting as the first legal sportsbook to accept wagers in the state, Hollywood Casino Sportsbook has completely dominated the West Virginia sports betting market. As regulated wagering enters its second year in the Mountain State, Hollywood has just hit some milestone landmarks in terms of betting production.

Its sportsbook just totaled $100 million in the overall betting handle, while surpassing the $10 million mark in regards to generating revenue. This figure also equates to providing WV with more than $1 million in taxes.

Beyond reaching these points within the first year of existence, Hollywood has truly set itself apart from the competition in the state. There is no other sportsbook in WV that remotely comes close to the amount of betting action Hollywood receives on a weekly basis.

Mountaineer Sportsbook is the second most active book in WV and its figures aren’t even in the same ballpark as Hollywood’s. Mountaineer has accumulated just over $20 million in handle and almost $2 million in revenue.

While these records don’t really compare to what Hollywood has been able to accomplish, Mountaineer Sportsbook has still outpaced the other three retail betting locations by a wide margin.

This goes to show how impressive Hollywood has been in the last 12 months.

Now as the NFL and college football season returns, sports gambling is set to reach new highs thanks to the return of online sports betting apps to the state.

Last week, The Greenbrier launched its online option with FanDuel Sportsbook, while Hollywood released its DraftKings Sportsbook two days later. The two land-based casinos have gotten ahead of the others in the market and are now in a great position for continued long-term success.

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WV sports bettting dominance

Being the first sportsbook on the market was definitely one of the major keys to Hollywood’s early accomplishments. Of course, being the only sportsbook in the state has its advantages to acquiring a good portion of the customers available.

This only lasted a short amount of time, however. Hollywood Sportsbook went live on Sept. 1, 2018, and then 12 days later the FanDuel Sportsbook at The Greenbrier also opened.

A few months later, the Mountaineer Sportsbook hit the market as well. WV got its third book on Nov. 21, 2018.

So while timing certainly helped, the location has proven to be the bigger factor when it comes to Hollywood owning the market. It is positioned within an hour of both Baltimore, Maryland as well as Washington, D.C. Both cities are without regulated sports betting, so a lot of local residents outside of WV’s state borders make the trip over to Hollywood.

Another important aspect is the fact that the state hasn’t really had an online sportsbook. The BetLucky app that was available previously was only live for a few months before being shut down.

Since WV residents didn’t have a mobile option available to them, anyone looking to place a bet had to get to one of the land-based sportsbooks. With Hollywood being the largest and in one of the most accessible areas, it saw the majority of the action.

While the lack of an online sportsbook didn’t help the state overall, it certainly benefitted Hollywood.

West Virginia online sportsbooks

As sports betting turns two, time will tell how the expansion of online betting platforms affects the WV market. With the FanDuel Sportsbook servicing The Greenbrier, Hollywood is in store for some actual competition for the market share now.

Although the DraftKings Sportsbook is one of the elite mobile options in any state, Hollywood will have to go up against maybe the most successful ever in FanDuel. Both sportsbooks have dominated the New Jersey betting market, with FanDuel leading the way.

While Hollywood is in a good position having one of only two mobile apps offered in WV, it might find it’s going to share a lot more of the betting production going forward.

Now even though this might mean a lower percentage of the total market, it doesn’t mean less money overall. Online sportsbooks should drastically expand the overall betting handle in the state going forward.

Both FanDuel and DraftKings provide what retail sportsbooks cannot.

They allow bettors to place basically any wager imaginable from the convenience of their own home. With the amount of betting markets and live in-game options, bettors in WV might find going to the land-based books obsolete in the coming months.

That is basically what has happened in NJ, where sometimes as much as 85% of the total revenue from the state comes from online apps. Over time, this could prove to be even more true in a rural state like WV, where traveling to one of the active retail locations is more of a hassle than anything.

It would still make sense that Hollywood is able to maintain its control to a certain extent, seeing how The Greenbrier is a private resort and Hollywood is in the best location.

This may not matter eventually, though. If WV bettors are placing upwards of 80% of their bets online, Hollywood will need to adjust to stay at the top. These first few months will be extremely important in acquiring customers and solidifying consistent online revenue.

Betting with DraftKings and FanDuel

No doubt, WV bettors are thrilled to finally have mobile betting apps. They’re now able to bet on WVU and Marshall football all season long without having to move an inch.

Though both FanDuel and DraftKings have a lot in common and are both great online sportsbooks, they do tend to have slightly different odds for certain games.

Here are both of their listed lines for this weekend’s WV college football games.

DraftKings

WVU vs. Missouri

  • WVU +14 (-110)
    • Moneyline: +390
  • Missouri -14 (-110)
    • Moneyline: -560
  • Over 62.5 (-110)
  • Under 62.5 (-110)

Marshall vs. Boise State

  • Marshall +12 (-120)
    • Moneyline: +360
  • Boise State -12 (-103)
    • Moneyline: -500
  • Over 57 (-110)
  • Under 57 (-110)

FanDuel

WVU vs. Missouri

  • WVU +13.5 (-115)
    • Moneyline: +410
  • Missouri -13.5 (-105)
    • Moneyline: -550
  • Over 62.5 (-110)
  • Under 62.5 (-110)

Marshall vs. Boise State

  • Marshall +12 (-110)
    • Moneyline: +350
  • Boise State -12 (-110)
    • Moneyline: -470
  • Over 57 (-110)
  • Under 57 (-110)
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