inners' subsidiary VegasWINNERS announced Tuesday it has received approval from the West Virginia Lottery for a Sports Wagering Interim Supplier License and is now able to refer customers in West Virginia to licensed sportsbooks in return for commission payments.
West Virginia's sports wagering handle increased from over $226 million in 2019 to over $419 million in 2020, a year-over-year growth rate of over 84% even amid the challenges of the COVID-19 pandemic. Since its March 2018 launch date, West Virginia's total handle is over $878 million.
"West Virginians are known as rabid basketball and football fans. Now that they can place legal wagers on sports, I'm certain West Virginia will become among the leading states for sports gaming. VegasWINNERS is excited and motivated to offer our sports advice and information services to the sports fans and bettors of West Virginia," stated Wayne Allyn Root, CEO of VegasWINNERS.
According to a Research & Markets report, the online gambling industry should reach $92.9 billion by 2023, growing at an annual compound rate of 11.6%. Projections say that rising technologies such as IoT, Blockchain, and VR will drive the industry forward and that North America will keep pace with the rest of the world, as its market should grow at a rate of 14.78% until 2025.
VegasWINNERS is a licensed sports gaming affiliate that intends to drive traffic to gaming operators for commission. It is currently registered in several states and has made application in additional states, as the company plans to get licensed in all states that allow online sports gambling. To date, online sports gambling has been legalized in Virginia, Nevada, New Jersey, West Virginia, Pennsylvania, Rhode Island, Iowa, Oregon, Indiana, New Hampshire, Michigan, Colorado, Ilinois, Tennessee, Mississippi, Montana and Washington DC.