Virginia February sports betting handle reaches $545m

April 2, 2024
By
Leer en Español

Players also took home significant wins during the month.

The Virginia Lottery has released its sports betting results for the month of February. During the month, the state’s handle rose by 25.6% year-over-year to reach $545m.

Mobile sports betting accounted for nearly $540.1m of total state revenue, while casino retail locations brought in the other $4.9m.

Virginia players walked away with more than $495m in wins during February.  

Mobile operators reported adjusted gross revenue (AGR) of $44.1m. Retail locations brought in AGR of $289,548. The state thus posted a combined total AGR of nearly $44.5m.

Virginia state law requires a 15% tax on sports betting activity, which is based on the AGR of each permit holder.

For February, the state collected nearly $6.3m in taxes. Virginia’s problem gambling treatment and support funds received more than $158,000 of the taxes collected, while the remaining nearly $6.2m went to the state’s general fund.

In other state news, lawmakers in Petersburg recently voted in favor of bringing in a new casino to the city. Legislation passed in both the House of Delegates and in the Senate.

The House voted to adopt a recent bill proposed by Senator Lashrecse Aird by a vote of 78 to 18. Soon after passing it in the House, the Senate voted to approval the bill by a vote of 24 to 16.

Aird’s bill is now on its way to Governor Glenn Youngkin’s desk.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.