Adjusted gross revenue was down from $15.7m in May, though the previous month’s total was the highest monthly amount since the state’s market opened on January 21 this year.
Player spending also fell from $227.0m to $212.9m, marking the third consecutive month of handle decline in Virginia and the lowest monthly figure since the market launched.
Consumers in the state won $212.9m from sports wagering in June, while the state was able to generate $2.3 in taxes. Virginia law places a 15% tax on sports betting activity based on each license-holder’s adjusted gross revenue, defined as total bets minus winnings and other authorized deductions.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/virginia-sports-betting-revenue-dips-in-june-as-player-spending-falls/
