The Virginia Lottery has released its latest sports wagering revenue report showing that the state’s licensed operators posted a sports betting handle of $234,943,435 for the month of June. This marks a 3.5% jump on May’s handle of $226,963,573 and a slight drop on April’s handle of $236,432,523.
Virginia Sports Betting Handle Rises to $234.9M for June up 3.5% from May Virginia Sports Betting Handle Rises to $234.9M for June up 3.5% from May Virginia Sports Betting Handle Rises to $234.9M for June up 3.5% from MayThere are 10 licensed sports betting operators in Virginia but only seven are included in the Lottery’s report. These are Betfair Interactive US LLC (FanDuel) in partnership with the Washington Football Team, Crown Virginia Gaming LLC (Draft Kings), BetMGM LLC, Rivers Portsmouth Gaming LLC (Rivers Casino Portsmouth), Caesars Virginia LLC, WSI US, LLC (Wynn), and Unibet Interactive, Inc.
Despite the a higher handle for the month of June, state taxes dropped from $2,381,115.69 in May to $2,273,995.39 in June. This means that since the launching in January, the Virginia sports betting industry has pulled in $7,831,049.70 in taxes for the state.
Virginia Sports Betting Handle Rises to $234.9M for June up 3.5% from May