Virginia Lottery, overseeing sports wagering, released February 2024's sports betting report. Virginians bet $545M, a 25.6% rise from 2023.
They won $495M, with operators achieving a 9.18% win percentage. Operators reported $44.4M in adjusted gross revenue, triggering $6.3M in taxes.
Governor Youngkin enforced a 12-month sunset on promotional deductions. Only Betr and SuperBook can still deduct promotions.
They won $495M, with operators achieving a 9.18% win percentage. Operators reported $44.4M in adjusted gross revenue, triggering $6.3M in taxes.
Governor Youngkin enforced a 12-month sunset on promotional deductions. Only Betr and SuperBook can still deduct promotions.
