On the heels of neighboring the Pennsylvania legalizing game online casino and authorizing more brick-and-mortar gambling, now the West Virginia has decided officially to throw its hat into the ring of internet betting.
In the last week, in the legislation, House Bill 3067 was introduced formally. It sits with a committee of the House legislative for a potential hearing in the coming weeks.
The lawmaker leads the efforts are State Delegate Shawn Fluharty, who is a Democrat. He said on this “With [Pennsylvania] clearing the sports betting, the online poker and daily fantasy legislation today, the West Virginia now should act this session as well or be left in the dust”.
This move makes all sense for the struggling gambling market of West Virginia. From the last year January to October, the five casinos of West Virginia won roughly $500 million from gamblers, and this is more than seven percent and less than what they made in the previous year during the same period. In the year 2016 the casinos won the amount of $638.5 million from gamblers, it is 2.6 percent less than what it collected in the year 2015. About a decade ago, the gaming revenue was close to $1 billion annually. And in this revenue generation, the expansion of gambling market of Maryland has played a major role in decline of West Virginia.
“Over the past decade, the casino industry of West Virginia has seen an explosion of competition from surrounding states,” according to report from the American Gaming Association (AGA).
At the present time nearly 30 casinos are operating in three of the five states that are present in the border area of West Virginia.