West Virginia has Collected $53.3 Million in Gambling Taxes so far in FY23
According to revenue data released by the state revenue department, West Virginia has collected $53.3 million in taxes from online gambling operators, sports betting and casinos so far in the current fiscal year.
The report shows that sports betting in West Virginia has generated taxes of $4.9 million for the fiscal year to date from over $484 million in wagers up until May 13th 2023. of this figure mobile sports betting accounted for $417 million while retail wagers at casino sportsbooks totaled $67 million.
The latest figures mean that West Virginia has collected $15.3 million in sports betting taxes since sportsbooks first launched in July of 2019.
The state’s iGaming operators have reported accepting over $3.5 billion in wagers for the same fiscal period. This resulted in $18 million in taxes from online casino gaming. This was a 39.5% increase on the $12.9 million collected during the same reporting period in fiscal year 2022.
According to the report, the state’s four land-based casinos generated $30.4 million in taxes from $86.9 million in revenue on table games.Jenny Tang
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.