Virginia opened its legal sports wagering market on January 21, with the amount bet in February being 351.3% higher than in the opening 11 days of activity.
This was helped by the National Football League’s showpiece Super Bowl event, which attracted $19.6m in bets, or 7.3% of total wagers placed in the month.
Revenue after customer winnings for the month stood at $12.2m, up 238.9% on the January period, after players won a total of $253.5m from sports betting.
However, AGR, which is defined by the Virginia Lottery as bets minus winnings and other authorised deductions – including bonuses and promotions – came in at a loss of $3.2m for February, level with the $3.2m loss posted in January.
The Virginia Lottery said this was primarily due to promotional expenses related to customer acquisition, with only one operator reporting positive AGR for the month.