Sports betting has now gone legal in West Virginia as they join the ranks of New Jersey, Delaware and the state of Nevada. Local political authorities take great pride in the system that has been put in place to regulate the sports betting industry in West Virginia, even promoting it as a model for other states for their regulatory needs.
The significant legislative change will be celebrated through a sports book event taking place at Hollywood casino during the Charles Town Races in Jefferson County, just in time for the beginning of the College American Football season. However, an unofficial inauguration event has already taken place, at which Delegate Jason Barrett put down the first ever bet on the on the West Virginia Mountaineers for the national championship. Barrett was visibly enthusiastic with the way the legislation framework has been implemented in West Virginia and Pennsylvania.
West Virginia MetroNews published estimates from trusted legislation sources that they expect revenue from sports betting in the first year of the new framework to rise to $5.5m. Licensing fees for the operation of the five casinos in West Virginia so far stand at $100,000, plus a 10% tax on gross revenue, as shown on receipts issued. The state is the first in the US to allow sports betting with Hollywood casino being the first establishment to offer sportsbook in the region. Hollywood Casino also received the endorsement of William Hill, which has already partnered with 12 operators in West Virginia and Mississippi so far.
Hollywood casino also holds a US first so far for sportsbook services that are ready just in time for the upcoming college football season, with Greenbrier resort casino likely to follow up next.
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