Virginia sports wagering market up by 9% in July

Finance News

Virginians wagered $293.6 million in July, according to new data released by the Virginia Lottery.

About $290 million in sports betting revenue came from mobile operators up 9%, and the remaining $3.6 million came from casino retail activity out of the temporary Hard Rock Hotel & Casino Bristol and the state’s first permanent casino, Rivers Casino Portsmouth. Virginia casino total gaming revenues totaled $35.4 million in April, according to the Virginia Lottery.

Currently, there are 16 Virginia sportsbooks to choose from. The most popular online betting apps in the Old Dominion State are BetRivers Sportsbook Virginia, Caesars Sportsbook Virginia, BetMGM Sportsbook Virginia, PointsBet Sportsbook Virginia, Bet365 Sportsbook Virginia, Betway Sportsbook Virginia, DraftKings Sportsbook Virginia, and FanDuel Sportsbook Virginia.

Virginia legalized its sports betting market in 2020, becoming the second state in the U.S. to confirm legal sports betting. With a targeted timeline around Q1 2021, Virginia sports betting launched in January of 2021. The Old Dominion State quickly became home to some of the top online sportsbooks, such as FanDuel Sportsbook, BetMGM Sportsbook, and DraftKings Sportsbook.