The latest monthly revenue report from the Virginia Lottery has revealed that the state’s licensed sportsbooks accepted over $351.5 million in wagers during the month of May.
A higher win percentage than record-setting January sees revenues increase month-on-month
Payouts to winners for the month of May came to $308.9 million. This was from a combined win percentage of 12.1% up from the 9.08% reported in April and almost 4 points higher than the 8.04% reported in January’s record-breaking month.
Virginia Sports Betting Activity Dips in May but Still up by 55% Year-on-Year launched in January 2021 now sits at $4.8 billion from total wagers of $5.3 billion. Virginia Sports Betting Activity Dips in May but Still up by 55% Year-on-YearOnce again, only five of the state’s 12 mobile sports betting operators reported a positive AGR for the month of May. This resulted in state taxes of just over $3.9 million, up from the $3 million paid in the previous month. Since the industry launched, the state has now collected over $33.6 million in taxes.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.