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State government received $1.65 million in tax revenue
Beth JoJack //May 28, 2021//
State government received $1.65 million in tax revenue
Beth JoJack// May 28, 2021//
Virginians bet $236 million on sports during April, the third full month for legal sports wagers in the commonwealth, according to data released Friday by the Virginia Lottery.
Bettors made about $217 million between April 1-30. Virginians bet 22% less in April than in March when they wagered heavily on the NCAA Division I men’s basketball tournament.
The seven licensed operators included in the April numbers 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.
The state has placed a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue. With four operators reporting positive adjusted gross revenue, the total take for the state government was $1.65 million.
Sports betting was legalized in Virginia in mid-January.
