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.

Read the full story on iGB North America

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