Virginia sports betting revenue decline continues in August
| By Robert Fletcher
The Virginia Lottery has revealed sports betting revenue declined for the third consecutive month in August, despite the US state seeing a month-on-month improvement in handle.
Adjusted gross revenue for the month amounted to $8.7m (£6.4m/€7.5m), the lowest total since the first month of legal sports wagering in January this year and 31.5% down from 12.7m in July.
Player spending improved 12.7% month-on-month to $182.4m, with consumers winning a total of $164.5 from sports wagering.
Virginia generated $1.4m in tax during the month, with $1.3m of this going to the state’s General Fund, and the other $34,463 to the Problem Gambling Treatment and Support Fund.