Virginia Lottery reports $433.8m in sports betting wagers for February
Last month ended the $500m streak the state held for four months.
The Virginia Lottery has reported a decrease in sports betting activity during the month of February, according to a local report from the Bristol Herald Courier. The state lottery posted a 15% decline in sports wagering, when compared to results from January.
The state raked in $433.8m in bets during February. However, the numbers were not large enough to maintain the state’s recent streak of surpassing a handle of $500m in wagers. Virginia’s handle exceeded the $500m mark for four consecutive months.
February’s results, however, did exceed wagers placed a year ago by more than $30m.
In a breakdown of activity, Virginia’s residents pitched in close to $15.5m toward the state’s sports betting total per day. Super Bowl LVII pulled in another $32.3m in bets, according to the lottery’s report.
Mobile devices generated more than $430m in wagers for the month of February.
The state’s two casinos, Bristol Casino and Rivers Casino Portsmouth, brought in a combined total of $3.55m in bets from its sportsbooks, according to the report.
Winnings in Virginia’s casinos reached $3.46m, the lottery report said. The state brought in more than $390m in winnings from wagers placed by Virginia’s bettors online. Gross winnings in Virginia during the month of February totaled $394m.
More than $4.68m in taxes were paid out during February based on the month’s results, nearly $1.5m less than the previous month.
The Virginia Lottery oversees sports betting and other wagering outlets throughout the state.
Since the Supreme Court repealed PASPA in 2018, online gambling is currently available in more than 35 states, with 18 of those allowing for legal online sports wagering.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
