SuperBook Sports launches in Virginia
SuperBook Sports has launched in the US state of Virginia, marking their ninth state of operation.
US.- SuperBook Sports has launched in the US state of Virginia. The sportsbook began operating in 1986 in Las Vegas, Nevada, and expanded into mobile sports betting in Colorado in 2020. With the addition of Virginia, it now operates in nine states. The others are Arizona, Iowa, Maryland, New Jersey, Ohio and Tennessee.
SuperBook Sports’ CEO and managing partner, Mark Lipparelli, said: “We couldn’t be happier with our continued growth. We are thrilled to be live in Virgina and feel confident that we have a great product with a strong history that will become a fast favorite of sports bettors in the region. Sports fans in the region can find all their favorite teams and get in the action with some of the best sports traditions in the country.”
Jay Kornegay, the executive vice president of race & sports book operations at SuperBook Sports, added: “Going live in Virginia is a perfect complement to our quickly growing business in Maryland. With our heritage and the passion that fans bring in that area, it is sure to be a great fit. We pride ourselves on our expansive menu and will have great offerings for everything from the Commanders to the Ravens and the Nationals to our proud partners, the Orioles.”
Virginia’s sports betting handle reaches $319m in August
Virginia’s sports betting handle was $319m in August, up 12.1 per cent year-on-year, according to the Virginia Lottery. Adjusted gross revenue (AGR) reached $27.9m, an 11.3 per cent decrease from August 2022.
Mobile sports betting generated the vast majority of AGR at $27.5m. Casino retail sports wagering activity brought in $410,354. Virginia’s three casinos were not yet providing retail sports wagering in August 2022.
Virginia taxes sports betting at 15 per cent and has 16 approved sports wagering permit holders. Of that total, 11 operators reported net positive adjusted gross revenues (AGR), which led to $4.2m in tax payments for the month.
