Virginia Sports Betting Bounces Back as Operators Report All-Time Record Hold in August

Sportsbooks combined to hold 12.99% of all wagers

Virginia Sports Betting Bounces Back as Operators Report All-Time Record Hold in August - Monday, October 3rd, 2022 8:55

Mobile sports betting on smartphone
Virginia Sports Betting Bounces Back as Operators Report All-Time Record Hold in August from the Virginia Lottery has revealed that local sportsbooks accepted $284.6 million in wagers during the month of August.
Revenue grew by $10 million month-on-month

The latest figures mark an increase of almost 7% on the $266 million reported in the previous month and a 56% increase year-on-year. However, the report notes that in August of 2021 only eight sports betting operators were active compared to the 15 approved operators in August 2022 with 13 of those active during the reporting period.

Virginia Sports Betting Bounces Back as Operators Report All-Time Record Hold in August. August’s winnings brings the total won by gamblers to over $5.2 billion since sports betting launched in January of 2021.

Virginia Sports Betting Bounces Back as Operators Report All-Time Record Hold in August Virginia Sports Betting Bounces Back as Operators Report All-Time Record Hold in August
Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.