SPORTS WAGERING WEST VIRGINIA John A. Myers Director, West Virginia Lottery
WV Lottery Oversight • Traditional Lottery – Instant and On-line • Racetrack and Casino Video Lottery • Limited Video Lottery – 7 machines in Bars and Taverns • Table Games • Sports Wagering • I-gaming to be launched
OVERVIEW OF SPORTS WAGERING IN WEST VIRGINIA MAY MARCH 2018 2018 Took effect following the United The West Virginia States Supreme Court’s decision Legislature enacted to repeal the Professional and a sports betting law Amateur Sports Protection Act
Regulation of the retail and online sportsbooks at all five of West Virginia’s casinos falls under the purview of the West Virginia Lottery.
1 7 6 4 5 3 WEST VIRGINIA 2 WV 8/30/18 RI NM MS NJ DE NV 11/26/18 10/17/18 8/1/18 5/14/18 5/5/18 1949 • WV was the fifth U.S. state to offer legal sports betting • One of the first to allow for online sports betting • Each facility is authorized to operate up to three mobile apps that allow for online sports wagering within the State’s borders • 10% tax with 15% of that for admin costs
RULES • The West Virginia Lottery worked diligently to craft emergency rules for casinos and suppliers upon passage of the legislation and the repeal of PASPA • Nevada and New Jersey were used as models • Emergency rules were filed on August 6, 2018 to allow for operations to start as soon as possible with the upcoming football season • West Virginia Lottery approves rules on October 2, 2018 • West Virginia Legislature officially approves the rules March 2019
BEHIND THE SCENES • Casino preparations for retail sportsbook and system start-up • Mobile app development by each casino • Geo-location for mobile apps • Know your customer : age verification, account verification, and security self-exclusion • Pre -launch testing, controls and app release
CHALLENGES INCLUDED Input from professional Technological Concerns from Maintaining integrity sports leagues hurdles in-state NCAA in operations institutions with short turnaround time Licensing the Different systems The necessary vendors used by each casino unexpected and suppliers for each property
LAUNCH TIMELINE Mardi Gras and Wheeling Mountaineer Casino The first retail sportsbook opened on November 21 st . Island Casinos began at Hollywood Casino at operations on December Charles Town opened with 27 th and simultaneously a soft launch on August launched the first sports 30 th , with a full grand wagering app with the opening on September 1 st . opening of their retail sportsbook. Greenbrier Resort followed on September 13 th .
EARLY RETURNS ON REVENUE Delaware North’s Wheeling Island RETAIL Casino and Mardi vs. We consider Gras Casino go sports wagering offline in March to be an added due to a third party vendor and amenity at our service provider casinos that dispute increases traffic ONLINE
EARLY RETURNS ON REVENUE WAGERS PLACED Total Handle $ 107,045,163.87 Taxable Receipts $ 10,647,720,56
WEEKLY REVENUE Total Tax Revenues Inception to 4/20/19 = $1,064,772.13 Super Bowl
IMPACT ON OTHER GAMING LINES • The addition of sports wagering has not had any noticeable impact on other gaming revenues to date • Traditional Lottery sales are up • LVL sales are up • RVL sales have leveled off after PA OH years of decline from increased MD competition from surrounding states WV
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