Virginia Posts Sports Betting Handle of $265.7 Million for February

The Virginia Lottery has released its latest sports betting report showing a handle of $265,778,306 for the month of February.

The report released yesterday shows that the five licensed operators active during the period paid out $253,539,526 in winning bets for a hold of 4.60%.

Virginia’s sports betting operators paid out bonuses and promotions totaling $13,187,560. This resulted in an overall negative AGR (Adjusted Gross Revenue). However one operator reported a positive AGR of $3,231,752 generating $300,593.91 in taxes for the state.

Olivia Richardson

Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.