Sign In
Upcoming Event
Free Newsletter
Sports wagers total $1.3B since becoming legal in January
Sports wagers total $1.3B since becoming legal in January
Katherine Schulte// July 30, 2021//
Virginians bet $234.9 million on sports in June but nearly broke even, making $212.9 million during the fifth full month for legal sports wagers, according to data released Friday by the Virginia Lottery.
Virginia sports betting wagers now total more than $1.3 billion since the state legalized sports betting in mid-January.
In May, the state reaped about $226.9 million in gross revenue from sports betting, making June’s revenue an increase of 3.5%.
The seven licensed operators included in June’s reporting were Betfair Interactive US LLC (FanDuel) in partnership with the Washington Football Team; Crown Virginia Gaming LLC (Draft Kings); BetMGM LLC; Rivers Portsmouth Gaming LLC (Rivers Casino Portsmouth); Caesars Virginia LLC (William Hill); WSI US LLC (Wynn); and Unibet Interactive Inc.
The state has placed a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue. With four operators reporting net positive adjusted gross revenue, the monthly taxes for June total $2.27 million.
In the fiscal year that ended June 30, the lottery reported a record $3.26 billion in annual sales.
