Virginia sports betting handle jumps 61% in September
The Virginia Lottery released its sports betting revenue report for September 2021, the state’s eighth month of reporting since wagering went live on January 21, revealing that September handle jumped to $283.9m.
During the month of September, Virginia sports bettors wagered a total of $283.9m, up 61% from August 2021.
The bump, which is mirrored in other legal markets such as New Jersey, Nevada and Colorado, can likely be attributed to the ongoing 2021-22 NFL season, which began September 10.
Bettors in Virginia won a total of $262.9m, leaving $31.0m in revenue, with a 10.53% win rate for operators. After bonuses, however, adjusted gross revenue was $10.3m.