The Virginia Lottery reported $45 million in gross sports betting revenue for July on Friday as the state’s sportsbooks notched a collective double-digit hold for the fourth consecutive month.
Overall, Virginia’s operators have posted a 10.4% hold through the first seven months of 2024, reaping $383.1 million from close to $3.7 billion worth of wagers. It was the 12th time in 43 months since launch that Virginia’s sportsbooks combined for an 11% or higher hold, and three of those instances have come this year.
July’s revenue was up 38.5% from last year, outpacing the 28.6% increase in handle to $377.6 million as the hold was nearly nine-tenths of a percentage point higher.
