Virginia Sportsbooks Top $50 Million For Fourth Straight Month

Feb 1, 2023 · The 10.1% hold for the final month of 2022 was the fourth time in five months it reached double digits, though it was also down one full percentage point compared to …

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Virginia Sportsbooks Top $50 Million For Fourth Straight Month

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Feb 1, 2023 · The 10.1% hold for the final month of 2022 was the fourth time in five months it reached double digits, though it was also down one full percentage point compared to …

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Virginia Sportsbooks Stay Hot, Reap $45 Million In July - Action …

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Aug 30, 2024 · The Virginia Lottery reported $45 million in gross sports betting revenue for July on Friday as the state's sportsbooks notched a collective double-digit hold for the fourth …

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

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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 operators in the …

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Virginia Sportsbooks Stay Hot, Reap $45 Million In July

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Sep 2, 2024 · The Virginia Lottery reported $45 million in gross sports betting revenue for July on Friday as the state's sportsbooks notched a collective double-digit hold for the fourth …

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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 Action Rises 30% Year-Over-Year In August

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Oct 1, 2024 · A 9.6% hold for online and retail sports betting operators ended a streak of four consecutive months in double digits. However, it still produced gross revenue of $40.1 million, …

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Virginia Sportsbooks Post 10% Hold For Fourth Straight Month

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Aug 1, 2023 · The Virginia Lottery reported that state sportsbooks posted a 10% hold for the fourth consecutive month in June, narrowly clearing the benchmark with close to $32.7 million …

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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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Virginia Posts Fourth Straight $500 Million Sports Betting Month

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Mar 5, 2023 · This was largely due to Virginia bettors winning more during the month - the January hold rate was 9.7%, down from 10% in December. As a result, tax contributions to the …

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Virginia Sportsbooks Report Fourth Straight Month Of High Hold

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Aug 30, 2024 · Virginia sportsbooks have exceeded 10% hold five times in 2024. The July revenue report reveals a 28.6% increase in handle against July '23. Search the site. ... Virginia …

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Virginia Sports Betting Operators Post Nearly 12% Hold In July

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Sep 3, 2024 · Virginia sports betting operators aligned with the national trend of high July win rates. Online and retail sportsbooks ran their streak of double-digit holds to four consecutive …

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Virginia Sports Betting Year In Review - Covers.com

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4 days ago · Virginia sportsbooks have consistently handled over $500 million in monthly bets and look on track to have record revenues in 2024. ... Its 10.1% hold for the year is ever so slightly …

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Virginia Clears $3 Billion Handle In First Year Of ... - SportsHandle

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Feb 1, 2022 · The $31.5 million in gross revenue marked the fourth straight month the figure was above $30 million, but it was also 34.8% lower than November’s record haul of $48.3 million, …

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January Saw Virginia Sportsbooks Beat All-time Monthly Record

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The latest monthly revenue report from the Virginia Lottery reveals that the state’s licensed sportsbooks accepted over $485.5 million during the…

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Virginia Wagering Operators Hold 11.5% On High Revenue, Handle

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Nov 4, 2024 · Virginia operators report strong September while fate of fifth casino will be decided Tuesday 4th November 2024 | By Jill R. Dorson Virginia bettors wagered $622.1 million …

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FAQs about Virginia Sportsbooks Top $50 Million For Fourth Straight Month Coupon?

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%. ...

Does Virginia tax sportsbooks?

Virginia taxes operators at 15% and the state does not release individual sportsbook or sport data. The regulator did report that 10 operators had positive AGR for the month. All of the major operators, including BetMGM, Caesars Sportsbook, DraftKings, ESPN Bet, Fanatic Sportsbook and FanDuel are live online in Virginia. ...

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. ...