VA surpasses $2.3bn in total wagers after setting new handle record in October
| By Robert Fletcher
Consumers in Virginia spent a record $427.3m (£323.4m/€378.4m) betting on sports in October, taking the total amounts wagered since the state’s market launched in January to $2.39bn.
![Richmond Virginia](https://igamingbusiness.com/img-srv/7sCrez7zak7ZKX6zhmbOrAJDpAtBDaTr01kO75FTKcw/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8wOC9yaWNobW9uZC12aXJnaW5pYS00NjExODg2XzE5MjAxLmpwZw.webp)
October’s handle was 50.5% higher than the $427.3m spent by players in Septemberand comfortably beat the previous monthly record of $304.1m set in March.
Players won a total of $397.2m from sports betting in October. After subtracting $15.8m in bonuses and promotional bets, and $4.6m in other deductions, this left $9.8m in adjusted gross revenue, down 4.9% from $10.3m in September.
The state generated $1.7m from the 15% tax on adjusted gross revenue, defined as total bets minus winnings and other authorised deductions.