Consumers in Virginia wagered $518.8m on sports in November, an increase on the previous year but a slight drop from October.
Player spending on betting was 28.9% ahead of $402.6m in November 2021 but down 1.7% from $528.0m in October of 2022.
Adjusted gross gaming revenue for November – total wagers minus winnings, bonuses and promotions and other authorized deductions – hiked 76.6% year-on-year to $52.8m, while this total was also 16.0% ahead of October 2022 despite the lower handle.
Players won a total of $461.3m from betting on sports during the month, while the Virginia Lottery, which reports the state’s official betting data, noted $817,857 in bonuses and promotions, plus a further $3.9m in other deductions.
Total tax collected from sports betting in November was $7.8m, with $7.6m being allocated to the General Fund Allocation and $194,566 the Problem Gambling Treatment and Support Fund Allocation.
Some 13 licensed operators were active in Virginia in November, an increase from 10 in the same month in 2021.