Virginia sportsbooks post state-record 13% hold in August, on handle of $285M

Virginia sportsbooks post state-record 13% hold in August, on handle of $285M

Article brief provided by Sports Handle
  • Chris Altruda, Sports Handle
October 2, 2022 5:55 PM
  • Chris Altruda, Sports Handle

As part of what is shaping up to be a historic rout of the sports wagering public nationally for August, operators in Virginia more than kept pace with a staggering 13% hold, according to figures released Friday by the Virginia Lottery.

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It was the sixth time in 20 months of wagering the sportsbooks’ win rate reached double figures, with the previous record of 12.3% set in July 2021. It was also the second time in four months the hold exceeded 12% after the house posted a 12.1% win rate in May.

The $284.7 million handle for August was also enough to make the Old Dominion the ninth state to surpass $6 billion in total handle in the post-PASPA era.