West Virginia sports betting industry is not doing well. After four weeks of making money, WV bookie revenue took a huge drop. In fact, only one sportsbook managed to have positive results in the week ending June 15.
One thing that’s hindering the growth of sports betting in the Mountain State is the lack of online bookies. Regulators were working to bring mobile sports wagering in the state but failed to progress. Sports betting bookie software providers blame it to the new Wire Act opinion by the DOJ and the new policy from Apple.
The West Virginia Lottery want to ensure they are complying with federal regulations. That’s why they are taking time before launching an online sportsbook. As a result, WV bookie revenue continues to fluctuate week after week.
WV bookie revenue will improve once mobile sports wagering is available in the state. At present, there are three operators interested in offering their mobile services in the state. They are DraftKings Sportsbook, William Hill Sportsbook, and FanDuel Sportsbook.
However, there’s no timetable for the release of mobile sports betting apps in West Virginia. There’s also no news about opening the market to independent players. That means the best way to be a bookie in the Mountain State is to partner up with a casino. However, that requires a lot of initial capital that small businesses can’t afford it.
West Virginia used to have online sports betting options but BetLucky app stopped its operations in March 2019. In addition, it will not go back to business in the state. WV residents who want to place bets online can go to Pennsylvania, where online sportsbooks are legal.
WV has five sportsbooks, but Wheeling and Mardi Gras retail and online sportsbooks remain close. However, they continue to pay out settled wagers, which contribute to the lower WV bookie revenue.
If you are interested to know how to become a bookie, you should consider using a PPH solution. It doesn’t require a large sum of money as an initial investment. In fact, you only pay a small amount each week for every active player.