Adjusted gross revenue (AGR) from sports betting in Virginia increased 53.4% to $40.5m (£31.8m/€37.4m) in June, driven by a 27.6% increase in handle.
Monthly sports betting data is published by the Virginia Lottery.
Almost all AGR ($40.2m) came from online wagering. Just $230,230 came from retail wagering at land-based casinos.
AGR is calculated by subtracting player winnings, bonuses and promotions and certain other deductions from total monthly player wagers. Bettors won a total of $370m. Betr is now the only operator in Virginia that can claim promotional deductions. According to the report, $11,000 in promos and bonuses were deducted.
Virginia players bet $415.4m in overall handle, marking an increase of 27.6% on the $325.5m last June. The hold for Virginia mobile operators was 10.95%. June was the third consecutive month that Virginia operators reported double-digit hold.
Online bets accounted for 99.4% of the handle at $413m, while $2.4m was spent through retail sportsbook locations at casinos.
The lottery does not break down Virginia sports betting numbers by operator or sport. However, it did note that of the state’s 14 approved operators, 10 posted positive AGR in June.
FanDuel, DraftKings, BetMGM, Rivers, Caesars and Penn Interactive are among the licensed operators in the state.
Virginia tax tops $6.2m in June
The state collected $6.2m in taxes from sports betting. This is 59% more than in the same month last year. Virginia taxes operators 15% on AGR.
Of all taxes collected, Virginia law specifies 97.5% is deposited into the state’s General Fund. For June, this was $6.1m. The remaining 2.5% is sent to the Problem Gambling Treatment and Support Fund.
