Virginia reports record sports betting revenue for September

Revenue reached $30.9m from a handle of $294m, according to Virginia Lottery.

US.- Sports betting in Virginia generated $30.9m in gross gaming revenue in September, according to the Virginia Lottery. The state registered an average $9.8m in wagers each day, up from $5.9m in August to gain a total handle of nearly $294m, second only to March’s record of $304m, which was fueled by the NCAA basketball tournament.

Eric Ramsey, PlayUSA analyst, said: “Virginia has from the very beginning reached the higher end of expectations. What’s remarkable is that the state keeps reaching these milestones in record time, and until September the state’s sportsbooks had yet to enjoy a full month of football betting.”

Dann Stupp, lead analyst for PlayVirginia, said: “Virginia’s bettors responded to their first opportunity to bet on regular-season football in exactly the way that was expected. The next three months should bring a plethora of records, which will be a fitting close to a wildly successful first year for the state’s sportsbooks.”

Virginia became the quickest state in the US to reach $1bn in bets, four months after legalising sports betting. The fastest state to reach the $1bn mark previously was Tennessee, which hit $1bn in bets six months after launching sports betting.

See also: Analyst predicts higher rise in US online betting by 2025