The Virginia Lottery announced that their online sports betting sites and retail sportsbooks accepted $293.6 million in bets during July, an 8.8% monthly decline.
and retail sportsbooks accepted $293.6 million in bets during July, an 8.8% monthly decline. On the bright side, like June, Virginia’s year-over-year handle increased by 10%.
Mobile sportsbooks saw 99% of the statewide wagers with the retail books reporting $2.6 million in bets. But those brick-and-mortar operators enjoyed s higher hold percentage than their counterparts. Retail books kept 23% of their wagers while online sportsbooks held a respectable 11%. Not surprisingly, based on the online dominance inDespite a lower handle, the 1% increase in hold helped the commonwealth increase its monthly tax bill. The operators reported an adjusted gross revenue of $28.
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