Published
OnlineLand-BasedFinancialSports Betting

Virginia’s sportsbooks report handle of $427m for October

Virginia’s sports betting volume has reached a new record with $427m in wagers for October, easily breaking the previous record of $304.1m set in March.

virginia

This new total has made Virginia the quickest state in the US history to reach $2bn in lifetime wagers.

The state’s handle was up 45% from the previous month and rose to $13.8m in average daily bets over the 31 days of October, from $9.8m for September.

The month’s gross gaming revenue decreased by 3% to $30.2m, down slightly from the record of $30.9m it set for September.

Since launching in January 2021, Virginia’s sports betting market has produced $2.4bn in wagering, $206m in gross gaming revenue (with $90.8m in taxable revenue) and $14.4m in state taxes.

In addition to the five weekends of pro and college football, baseball’s postseason and the return of the NBA, which were obvious catalysts in every state, Virginia had some local help.

Indeed, the Baltimore Ravens hasBy been one of the NFL’s best teams and the Washington Football Team remained in the playoff race, which boosted local interest. On top of that, the Washington Wizards got off to a great start.

Premium+ Connections
Premium

RISK

 
Premium

Digitain

 
Premium

PIN-UP Partners

 
Premium

Galaxsys

 
Premium

Sport Generate

 
Premium

Imagine Live

 
Premium

1xBet Partners

 
 
Premium

Lynon

 
Premium

Revsharks

 
Premium

GammaStack

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...