VIRGINIA SPORTSBOOKS COLLECT $402.6M IN WAGERS IN NOVEMBER
Virginia’s licensed sports betting operators generated total wagers of $402.6m in November 2021, marking the second-best monthly performance since the opening of the market at the start of last year.
Total sports wagers from the state’s 10 licensed operators were 6 per cent lower compared to the previous month’s record $427.3m, with Virginia bettors winning a total of $354.3m in November.
This resulted in a combined 12.01 per cent operator win percentage, a significant increase compared to October’s 7.06 per cent.
VIRGINIA SPORTS BETTING WAGERS: JANUARY – NOVEMBER 2021 (US$)
|Wagers||Adjusted Gross Revenue|
After allowing for bonuses and free-play incentives of $15.0m, as well as other deductions of $3.4m, operators posted record adjusted gross revenue (AGR) of $29.9m in November, compared to $9.8m in the previous month, with four operators reporting net positive AGR.
This generated total tax revenue of $4.2m, of which $105,829 is directed to Problem Gambling Treatment and Support and the balance to the General Fund.
Since the opening of Virginia’s sports betting market in January 2021, operators have generated total wagers of $2.80bn and AGR of $120.7m after ten full months of reporting, with $18.6m collected in taxes.
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