Tag: Virginia

Virginia betting revenue up year-on-year to $40.5m in June

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 ..

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