West Virginia became the fifth state to kick off real-money online casino-style gambling. DraftKings is live with online casino in New Jersey and Pennsylvania, in addition to offering online/mobile sports betting in those and other states.
DraftKings stressed responsible gambling in a presser announcing the launch.
“DraftKings is committed to the safety and well-being of its customers and continues to prioritize responsible gaming as exemplified through DraftKings’ Platinum membership with the National Council on Problem Gambling, the leading organization for people and their families who are affected by problem gambling and gambling addiction,” the company stated.
Growing number of states with iGaming
West Virginia joins Pennsylvania, New Jersey, Delaware, and Nevada (iPoker only) with casino-style gambling over the internet. Michigan legalized it in late 2019 but has yet to launch platforms.
DraftKings is expected to be a licensed provider of both sports wagering and iCasino in Michigan, under a partnership with a tribal casino operator in the state.
The company, which not long ago existed exclusively in the DFS space, lacks access to Nevada’s iPoker market. DraftKings also isn’t involved with Nevada sports betting.
West Virginia’s timeline to launch
West Virginia legalized online casino gambling in March 2019. The state is eyeing an online casino gambling market that could be worth north of $39 million annually, which would yield $5.9 million to the state each fiscal year.
That annual revenue is less than half what New Jersey’s iCasinos generated in June alone.
In other words, the Mountain State’s market is a pipsqueak.
The state is charging a 15% tax on online gaming revenue, along with a $250,000 licensing fee. It will cost $100,000 every five years for a license renewal. The West Virginia Lottery is regulating the activity.
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