West Virginia Sports Betting: Make Way For PointsBet
Mobile sports betting is back in West Virginia and it’s about to get even better, with Pointsbet preparing to join William Hill in launching an app “as soon as possible”.
There’s plenty of room for the extra competition as bettors have just two apps to choose from currently, albeit it’s not a bad choice by any means as they are powered by industry heavyweights in FanDuel and DraftKings, who launched within days of each other in late August.
William Hill, who already have a retail presence in the Mountain State, are expected to go live with their app sometime soon, while PointsBet, Australia’s fastest-growing sportsbook, is also eyeing up a launch which could include this football season.
Sports betting basics in WV
In West Virginia and in common with some other states where sports betting has been legalized, sportsbooks can partner with casinos/racinos to offer wagering.
There are four racetrack casinos in WV:
- Hollywood Casino
- Mountaineer Casino
- Wheeling Island
- Mardi Gras Casino
In addition, The Casino Club at The Greenbrier, a private resort, is also authorized to conduct sports betting by the West Virginia Lottery, which oversees all gambling in the state.
Each of these five properties can partner with up to three skins (sportsbook operators) and potentially that could mean up to 15 sports betting apps.
FanDuel is partnered with The Casino Club, while DraftKings is a partner of the Hollywood Casino Charles Town, which is also the partner of PointsBet.
The Australian company is already live in New Jersey, where it faces stiff competition from fellow operators, and we rate it as one of the best apps in the Garden State.
What makes PointsBet stand out?
In what is a crowded market it’s important to stand out from the competition and the PointsBet app certainly has something unique to recommend it: Points Betting. This kind of wager is based on the margin of victory or loss and can be extremely volatile.
The best way to illustrate how it works is to take a recent example, the NFL Week 2 Chiefs vs. Raiders game, on which a bettor with PointsBet lost $40,000, having being on the wrong side of the over/under.
The bettor wagered $2,500 per point on over 54 and had the total points scored eclipsed 54, he would have won $2,500 per point above that total. However, the Chiefs and Raiders combined to score just 38 points, so 16 points shy of the total and losing the bettor $40,000 (16 x $2,500).
It can work the other way of course and one bettor recently scooped $600,000 having placed a wager of $30,000 for the Baltimore Ravens (-6) against the Miami Dolphins in Week 1. Thanks to a lopsided Ravens win (58-10), he took home the maximum amount, with the risk in this particular wager capped at $600k.
PointsBet making inroads in the US
In addition to its NJ app, PointsBet recently added a retail sportsbook at the Catfish Bend Casino in Burlington, Iowa.
And it’s expansion into WV comes as part of a recent deal with Penn National Gaming, the owner of Hollywood Casino, which is leading the way in the state.
Through this deal, PointsBet also gains access to Indiana, Louisiana, Missouri and Ohio.
Time frame to PointsBet launch in WV
“We’re diligently preparing our product for launch in West Virginia. It’s one of the states we have a skin in and we’re looking to have an impact there,“ said PointsBet director of communications Patrick Eichner.
He added: “Our goal is to get going in West Virginia as soon as possible, which could include this football season, although there are many outside factors in play that it is hard to commit to a timeline.“
With two apps already live in WV and a third imminent, PointsBet will have to play catch up and a launch sooner rather than later may give it a better chance of sticking around.
A further incentive to a speedy launch is provided by recent WV Lottery Commission figures for sports betting handle and revenue, which have skyrocketed since the start of the football season, topping $6 million and $1.6 million for the first full week of NFL/WVU football.
Watch this space for further news and feel free to hit us up with anything you like on Twitter or get in touch.
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