Virginia sports betting revenue triples to $29.9m in November

Sports wagering revenue in Virginia came to $29.9m in November, up 205.1% from October taking revenue beyond $100m since the state launched sports betting in January.


Adjusted gross revenue was more than three times the total recorded in October, but was still slightly below the $31.0m record set in August.

The $29.9m in revenue came on betting handle of $402.6m, down 5.8% from the record $427.3m staked in the prior month.

Player winnings, meanwhile, declined month-on-month 11.9% to $354.3m while bonus and promotional spend dipped to $15.0m from $15.8m in October.

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