Despite July dip, Virginia sports betting tops $3B in handle in 2023 so far

Monday, September 4, 2023 5:21 PM
Photo: Virginia Tech's Stadium flickr photo by Aaron Webb shared under a Creative Commons (BY-NC-SA) license
  • David McGee, Bristol Herald Courier

Virginia sports wagering topped $3 billion for the first seven months of 2023, but July represented the lowest winnings so far this year.

Just over $293.6 million was wagered on an array of sporting events during the 31 days of July, resulting in winnings of $261.1 million — both low marks for this year — according to a new report issued Friday by the Virginia Lottery.

The betting handle was 10% higher than last July but represented a $30 million dip compared to June, state gaming figures show. More than $266 million was wagered in July 2022, with nearly $240 million in winnings.

Adjusted gross revenues for the state’s 14 licensed operators was just over 11%, or $28.2 million, which represents a $1.8 million increase over last month.