Virginia September sports betting handle reaches $622m, up 20% year-over-year
The state continues to report an increase in monthly activity, with revenue sitting at $65.9m.
Key Points
- Players throughout the state earned substantial winnings during the month
- Mobile operators reported taking in most of the total handle
- Adjusted gross revenue (AGR) for September nearly $65.9m
The Virginia Lottery has published its monthly sports wagering results for the month of September.
Players throughout the state bet more than $622m during the month, and the state reported that its September handle grew by 20% year-over-year.
Mobile operators took in $618.3m in wagers for the month, while retail locations accepted more than $3.7m in bets.
Virginia bettors walked away with a majority of the win during September. Players took home almost $550.5m in winnings, meaning adjusted gross revenue (AGR) for September reached nearly $65.9m
Players who placed bets through mobile operators won nearly $547m, while those who wagered at brick-and-mortar casino locations took home close to $3.1m in winnings.
Good to know: According to state law, 15% of all sports betting activity is subject to tax
Mobile operators around the state walked away during the month with $65.3m of the overall revenue total, while retail sports betting locations collected another almost $0.6m.
The state lottery further outlined a breakdown in where those funds are used by saying, “Of the state tax on sports betting AGR, the statute specifies 97.5% is to be deposited in the state’s General Fund and 2.5% is to be deposited into the Problem Gambling Treatment and Support Fund administered by the Virginia Department of Behavioral Health and Developmental Services.”
During the month of September, the state collected $9.9m in taxes on Virginia sports betting. Of the total tax collected, close to $9.6m went to the state’s general fund, while the remaining total went to its problem gambling treatment and support fund.
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