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Virginia sports betting handle increases 29% in November

6th January 2023 10:08 am GMT

Sports betting handle from Virginia’s 13 licensed operators grew by 29 per cent in November to $518.8m, the second consecutive month with handle above $500m.

The margin for the month was 0.9 percentage points lower than the previous year at 11.1 per cent. This resulted in gross win of $57.5m, which was up by 19 per cent and marked a new monthly record.

November’s allowable bonus deductions fell by 95 per cent year-on-year to just $817,857 because [...]

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