Virginia Sports Betting Numbers Are Up
The Virginia Lottery has just revealed the sports betting handle for September and the numbers are up. The handle saw a 30% jump at $411.2 million when compared to August with $284.7 million. The win rate stayed firm as well with a 35% month-on-month increase in revenue with a gross revenue of $48.3 million. Virginia’s sportsbook tax of 15% raked in $7.3 million as nine of their thirteen operators were profitable. Of the wagers made professional basketball was the preferred sport, being responsible for 23.66% of the year-to-date bets placed. Baseball trailed at 14.1% and football followed at 10.88% and one-fifth of all total bets were placed as parlays.