Needing only five months after the launch of its first legal sportsbooks in the state, Virginia became the fastest state in the post-PASPA era to reach $1 billion in handle. And according to data obtained by Sports Handle via a Freedom of Information Act filing, almost exactly half of the entire betting volume came via FanDuel Sportsbook alone, which also leveraged that into 63% of the combined adjusted gross revenue among sportsbooks currently active in the state.
Through the 4½ months of live operations in Virginia from January through May, FanDuel generated a whopping $542.7 million handle and $21.7 million in gross revenue after adjusting for promotional play and other deductions.
