Virginia Posts Fourth Straight $500 Million Sports Betting Month

Betting sitestook in $513.2 million in bets during the 31 days in January. That's up from $503.1 million, or about 2% more than was wagered in December. It amounted to about $16.5 million per day being spent at the state’s mobile and retail sportsbooks during the month. Year-over-year, January 2023's … See more

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Virginia Posts Fourth Straight $500 Million Sports Betting Month

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Virginia Sport Betting Again Topped $500 Million In January

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Mar 2, 2023 · Virginia residents continued their strong interest in sports betting in January, wagering in excess of $500 million for the fourth consecutive month.Virginians wagered more …

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Virginia Sets Sports Betting Revenue, Handle Records In November

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1 day ago · In total, $756.8 million was spent betting online, with a further $4.2 million wagered with sportsbooks at land-based casinos. Players won $674.6 million from sports betting during …

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December Had 25.9% More VA Sports Betting Handle Than 2022

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Feb 2, 2024 · In December 2023, Virginia sportsbooks racked up $633.2 in handle. It marked the fourth straight month clearing $500 million in wagers.

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Virginia Sports Betting Operators Stay Hot In May With Highest …

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Jul 2, 2024 · Virginia’s three brick-and-mortar shops saw a nearly 300% gross revenue increase month-over-month to $432,154 on a handle of just over $4.2 million which was up just 1.4% …

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Virginia Wagering Operators Hold 11.5% On High Revenue, Handle

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Nov 4, 2024 · According to the Virginia Lottery report released on Friday (1 November), operators paid out $550.2 million in wins and had a combined hold of 11.5%. That was the third highest …

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Virginians Bet Almost $761M On Sports In Nov. 2024

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1 day ago · Listen to this article Virginians bet more than $760.96 million on sports in November 2024, 19.1% more than they bet in November 2023, according to Virginia Lottery data …

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Virginia Sportsbooks Top $50 Million For Fourth Straight Month

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Feb 1, 2023 · The Virginia Lottery reported gross sports wagering revenue of nearly $50.7 million for the month of December on Wednesday, capping an incredibly strong performance by …

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November Was Record-shattering Month For Virginia Sports Betting

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1 day ago · Sports wagering in Virginia shattered the previous single month record for the second straight month during November, topping $760.96 million. The total bettered the previous …

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Virginia Handle Hits Record High $760M In November - Covers.com

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6 hours ago · November 2024 Online Retail; Sports betting handle $756.7 million : $4.2 million : Adjusted gross revenue $79.9 million : $666,000

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Virginia Sports Betting: Best VA Sportsbook Sites Jan. 2025

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March 5, 2023: Virginia posts its fourth-straight month of at least $500 million in sports betting handle. Feb. 1, 2023: bet365 and Betfred go live in Virginia, meaning only three of the state's ...

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Virginia Sportsbooks Top $50M In Revenue For Fourth Straight Month

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Feb 1, 2023 · The Virginia Lottery reported gross sports wagering revenue of nearly $50.7 million for the month of December on Wednesday, capping an incredibly strong performance by …

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FanDuel Claimed More Than $20 Million In Sports Betting Revenue …

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Aug 9, 2024 · In Virginia, FanDuel passed $750 million in all-time gross winnings. Additionally, their 12.6% win rate through the first six months of 2024 lifted their all-time hold to 11.6%. Six …

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Virginia Sets State Record For Sports Betting Handle, Nears $500 …

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Virginia started its second year of legal sports betting much in the way that it ended its first year – by breaking new barriers. The all-mobile Virginia spo... Virginia Sports Betting D.C. …

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Virginia Clears $3 Billion Handle In First Year Of Sports Wagering

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Feb 1, 2022 · The Virginia Lottery completed its first full year of sports wagering by surpassing $3 billion in handle, according to figures released Tuesday for the month of December.. The state …

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Virginia Posts Fourth Straight $500 Million Sports Betting Month

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Mar 5, 2023 · The Old Dominion continues to set new marks for sports betting handle. And things continue to look promising for Virginia, with February's Super Bowl and March Madness …

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Virginia Sets Sports Betting Revenue Record With $48M For …

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Dec 30, 2021 · The Virginia Lottery reported sports betting operator revenue of more than $48.3 million for November on Thursday, setting an all-time record since launch and furthering the …

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Virginia Sports Betting Reaches Record High In November

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1 day ago · Virginia's sports betting industry saw a record-breaking November with $760.9 million wagered, marking the first time handle exceeded $700 million in a single month. ... This is the …

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FAQs about Virginia Posts Fourth Straight $500 Million Sports Betting Month Coupon?

How much money does Virginia have in sports betting?

Bettors laid down $377.6m in wagers, up 28.6% over last July. Virginia handle was down from $415.4 in June. The state’s 14 digital and three retail sportsbooks have recorded hold of 10% or more five times in 2024. ...

Are online sportsbooks in Virginia a good place to bet?

Online sportsbooks in Virginia must offer a wide variety of sports betting markets. They can’t rest on their laurels that the NFL will carry the proverbial torch for every bettor. Sometimes bettors can find odds value in unique places, typically in individual betting markets outside the United States. ...

Do you have to live in Virginia to bet on sports?

You don’t have to live in Virginia full-time to bet on sports online. However, operators use geofencing software to verify you are within state borders when you place a sports bet. If you’re outside Virginia’s state lines, you’ll be unable to make a wager. Virginia sports betting is legal! ...

Does Virginia legalize sports betting?

Unlike most states that have legalized sports betting, Virginia has no professional sports team within its borders. However, that doesn’t mean the Commonwealth doesn’t root for their favorite regional franchises. Without restrictions, bettors can wager on the four major professional leagues; NFL, NHL, NBA, and MLB. ...

Does Virginia have a hold on sportsbooks?

Virginia handle was down from $415.4 in June. The state’s 14 digital and three retail sportsbooks have recorded hold of 10% or more five times in 2024. According to the report, adjusted gross revenue (AGR) was $40.3m, up compared to last July’s $28.2m, but slightly down from $40.5m in June, when hold was 10.95%. ...

How much money do sportsbooks make in Virginia?

Of the total handle, digital platforms accounted for $376m and in-person sportsbooks accounted for $1.6m. In total, sportsbooks paid the state $6.1m, with $5.9m going to the general fund and $151,365 allotted to problem and responsible gambling initiatives. Virginia sportsbooks have exceeded 10% hold five times in 2024. ...