Competition has just become a little stiffer in West Virginia as a major player joins the gambling market. A big name most commonly associated with Las Vegas has linked up with a well-known casino company to bring Mountain State players additional betting options. Are things about to get overly competitive in West Virginia, or will a little more competition improve the overall quality that is currently being produced? We are going to have a look at just who this newcomer is, and if they bring with them the ability to give the whole West Virginia gaming industry a lift.
WynnBET is a sports betting application and online casino which has been developed by Wynn Resorts, released an official statement to the press of its move into the online casino market in West Virginia. WynnBET will become West Virginia’s fourth online casino operator, giving locals more choice with their gaming time. Delaware North, known for its ventures in entertainment and hospitality, has teamed up with WynnBET on this joint project. Delaware North already has a couple of West Virginia gaming venues in its portfolio – Mardi Gras Casino and Resort, located in Nitro, close to Charleston, and Wheeling Island Hotel Casino and Racetrack, located in Wheeling.
Delaware North operates its own mobile and website sports betting application called Betly, as well as the retail sportsbook operations in both of its casinos. Both of the casinos are run by Delaware North operator. We are going to have a look at just who this newcomer is, and if they bring with them the ability to lift the whole West Virginia gaming industry to the standards of world class online casinos like this one here.
WynnBET will now join West Virginia’s current online gambling circle, which includes some top-quality operators such as BetRivers Casino, DraftKings Casino, and BetMGM Casino. These other casinos have a solid customer base, and have built up a strong reputation of trust in the state. WynnBET will now be working to get the same rapport as quickly as possible with the locals.
WynnBET will now have available platforms in eight states, including West Virginia, with the other seven being Indiana, Arizona, Colorado, New Jersey, Michigan, Virginia, and Tennessee. As it has a Nevada registration, WynnBET has signalled its intention to add a further seven states to its market share, making it undoubtedly a force to be reckoned with in the industry. WynnBET has a great range of access through its app, as it is available for download on both Android and Apple devices.
The Wynn brand has a strong foothold in the U.S sports market, having various partnerships throughout. Some of those include the country’s leading sports associations for instance, Major League Baseball, NFL, NBA, and NASCAR, as well as collaborations with several different sports teams like New York Jets, Detroit Pistons, Memphis Grizzlies, and Cincinnati Reds.
An iGaming operator brings the full casino experience to the user. Online casinos (iGaming), host a range of games that might include several titles in, roulette, video slots, blackjack, poker, and many more games. The majority of time, an online casino will have content which cover all casino games.
In 2019, West Virginia legalised both online poker and online casinos, paving the way for the five casinos in the state to join the online circuit by partnering up with an operator.
In 2018, West Virginia gave the go-ahead for sports betting, and then mobile sports betting came the following year. Currently, under the law of the state, there is a minimum age of 21 required in order to gamble. This law covers all forms of gambling.
From July 2020 – June 2021, online casinos registered revenue of $1.178 billion, as reported by the Lottery of West Virginia. The industry is well on the way to matching that this fiscal year, and even surpassing it, as online casino revenues have totalled $676 million so far. That is around double the sports bets, which took $518 million for the year, and $149 million so far this year.
The U.S market is evidently seeing consistent growth, and it is no wonder that more and more casinos are getting in on the action. The U.S has been pretty shrewd in its whole approach to gambling laws, as it has created pockets that flourish, as opposed to small sites dotted around everywhere. Plus we see plenty of acquisitions in the market, for example the DraftKings and Golden Nugget deal.
Moreover, the U.S must be one of the few countries where gambling has been made into a tourist attraction. This is largely down to its whole approach, and building a great anticipation.
The country has to be careful with the potential impact of online casinos, as they could endanger some major tourist hotspots. Meanwhile, the online industry is patiently waiting in line, looking to snap up any opportunity which opens up.