Virginia’s sports wagers rose by 5 per cent in January to $511.0m, marking the fourth consecutive month with handle above half a billion dollars.
January’s betting margin was 9.7 per cent, 1.6 percentage points higher than January 2022, deliveriing a 27 per cent rise in gross win to $49.4m.
Monthly adjusted gross revenue (AGR) after deductions, including $768,221 for allowable bonuses, was $41.8m. There was a 95 per cent reduction in allowable bonuses, which meant that AGR [...]
