February also saw more than $33.1 million wagered on the Super Bowl
The latest figures mark a drop of 17.23% ($83.7 million) compared to the previous month’s all-time record of $485.5 million.
However, when compared to February 2021, the industry’s second month of operation, the amount wagered grew by 51.22% from $265.7 million. February also saw more than $33.1 million wagered on the Super Bowl.
Payouts to winners for the month totaled $374.4 million giving operators a combined 6.84% win percentage. This was down significantly on January’s win percentage of 8.04%.
This brings the total amount won by Virginians to $3.75 billion since sports betting in Virginia launched in January 2021.
February Sees Virginia Sports Betting Grow by Over 51% Year-on-Year February Sees Virginia Sports Betting Grow by Over 51% Year-on-Year
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.