Virginia sports betting handle reaches $411.3m in September

September saw the fifth highest handle in Virginia since launch.
September saw the fifth highest handle in Virginia since launch.

Virginia’s sports betting handle was up 40 per cent year-on-year.

US.- The Virginia Lottery has reported a sports betting handle of $411.3m for September, up 30 per cent from August’s $284.7m and up 40 per cent from September 2021. The state-wide win percentage on wagers was 13 per cent. It’s the fifth-highest betting handle in Virginia since launch and the highest hold rate yet.

The 14 sports betting operators licensed in Virginia reported $48.3m in adjusted gross revenue, a jump of 35 per cent month-on-month. Gross gaming revenue was $53.8m, an increase of 74 per cent from September 2021. 

Consumers in Virginia won $357.4m from sports betting during the month. The state saw $7.2m in tax revenue. Virginia taxes sportsbooks at 15 per cent – most goes to the state’s General Fund and 2.5 per cent goes to support problem gaming.

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