Sports wagering in Virginia declined 15% during February compared to January but was nearly 8% more than last year, according to the Virginia Lottery.
Betting topped $433.8 million during the month of February, ending a four-month stretch where betting topped $500 million. The lottery, which oversees sports betting and other gaming in Virginia reported gross gaming wagers during February 2022 was just under $402 million.
Like many states with active sports betting markets, Virginia took a hit this February. Wagers were down about 15% and revenue dipped a little over 30%, despite the Super Bowl earlier in the month, according to BetVirginia.com analyst Dru James…
James noted that in addition to wagers rising compared to February 2022, revenues rose 260% and taxes increased 233%.
