Virginia falls just short of sports betting handle record in December
| By Robert Fletcher
Consumers in Virginia wagered a total of $426.6m (£314.4m/€376.8m) on sports during December, just short of the state’s monthly all-time high.
The December figure was just 0.2% behind the record $427.3m set in October 2021, though it was 6.0% higher than the $402.6m posted in November.
Adjusted gross revenue, however, declined 66.2% month-on-month to $10.1m, the lowest full-month total since the state’s market launched in January 2021.
Revenue in January of 2021 was $3.6m, though the market only went live on 21 January, meaning consumers could only legally wager on sports for 10 days of that month, and initially only with FanDuel.