The latest sports betting monthly revenue report 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
Local sports fans won a total of $247.6 million giving sports betting operators a combined win percentage of 12.99%. This is the highest win percentage recorded by operators since the launch of legal sports betting in Virginia. 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 AugustNine of the 13 active sports betting operators reported a positive AGR for the month of August. This resulted in state taxes of $4.4 million, a 49% increase on the amount collected in July.
