Virginia Sportsbooks Report 29% Year-On-Year Betting Increase
The Virginia Lottery has just unveiled their monthly revenue report for November and the numbers are consistent with over $518.8 million in sportsbook wagers. This is a 1.7% drop from the previous month of $528 million but the consistency shows bettors are here to stay. The numbers show a 29% year-on-year increase as four new sportsbooks have joined the roster since 2021. Virginia sports bettors won $461.28 million giving the operators an 11.09% win and bringing the total winnings to over $6.4 billion. Of the thirteen sports betting operators, eight reported positive AGR in November, bringing in $7.8 million in state taxes.