Monthly sports betting data is published by the Virginia Lottery.
Almost all AGR ($40.2m) came from online. In contrast, 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.
Virginia players spent $415.4m in overall handle, marking an increase of 27.6% on the $325.5m last June.
Online bets accounted for 99.4% of the handle at $413m, while $2.4m was spent through retail sportsbook locations at casinos.
The Virginia Lottery does not break down the market by operator or sport. However, it did note that of the state’s 14 approved operators, 10 posted positive AGR in June, with a combined hold of 10.04%. Bettors won a total of $370m.
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, with the state having a 15% tax 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.
Original article: https://igamingbusiness.com/sports-betting/virginia-sports-betting-revenue-up-in-june/
