Virginia: Sports Betting Hits New Highs in September
Highlights
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Sportsbook users in Virginia wagered $737.2 million in September.
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The total tax revenue from sports betting stands at $9.7 million during the month.
The sports betting market in Virginia marks a historic milestone, with total revenue soaring to $737.2 million, the second-highest since its inception.
The Virginia Lottery reported that total sports betting in the state was 18.4% higher compared to September 2024. These figures suggest a drastic increase of 44.5% from the previous month, August.
Out of the $737.2 million wagered amount, $731.5 million accounts for online betting and the remaining $5.6 million is from the retail sportsbook. Sports betting consumers received a payout of $667.4 million in winnings. Overall, the gross revenue stood at $64.5 million.
Online betting accounts for $63.6 million, and the remaining $891,650 is attributed to retail betting. The sports betting has successfully collected a tax of $9.7 million during the month. The accumulated amount has been directed to the General Fund Allocation and the Problem Gambling Treatment & Support Fund Allocation.
For more information, Refer here !
The Virginia Lottery reported that total sports betting in the state was 18.4% higher compared to September 2024. These figures suggest a drastic increase of 44.5% from the previous month, August.
Out of the $737.2 million wagered amount, $731.5 million accounts for online betting and the remaining $5.6 million is from the retail sportsbook. Sports betting consumers received a payout of $667.4 million in winnings. Overall, the gross revenue stood at $64.5 million.
Online betting accounts for $63.6 million, and the remaining $891,650 is attributed to retail betting. The sports betting has successfully collected a tax of $9.7 million during the month. The accumulated amount has been directed to the General Fund Allocation and the Problem Gambling Treatment & Support Fund Allocation.
For more information, Refer here !
