Virginia Lottery reports $433.8m in sports betting wagers for February

April 3, 2023
By
Leer en Español

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Since the Supreme Court repealed PASPA in 2018, online gambling is currently available in more than 35 states, with 18 of those allowing for legal online sports wagering.

State-by-State

Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.
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.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.