Jake Moyses, 28, of Grange Road, Penkridge, was spotted during the Premier League home game against Brighton & Hove Albion on November 5 last year.
He was fined after pleading guilty to an offence of using threatening abusive words aggravated due to sexual orientation by making homophobic comments.
At a hearing at Dudley Magistrates' Court, the defendant, of Grange Road, Penkridge, was fined £123, ordered to pay costs £125 and victims' surcharge £50.
The court noted that the fine was increased due to "homophobic comments".
Brighton beat Wolves 3-2.