Sportsbooks’ profits in Virginia dropped off in April


RICHMOND, Va. (AP) – There were no marquee events like the Super Bowl in February or the NCAA basketball tournament in March to drive revenue. Therefore, sportsbooks in Virginia saw their growth fell in April.

Nonetheless, taxpayers fared better than ever before, as sportsbooks generated more tax revenue for the state than they had since sports betting began in Virginia in January.

According to the Virginia Lottery, bettors in Virginia wagered a total of $236 million in April. This is a 22% decrease from the record $304 million wagered in March.

As a result, Virginia’s tax revenue rose by 40%, from $1.18 million in March to $1.65 million in April.

In Virginia, seven online sportsbooks are now operational.





Nassima Azmzm

Nassima Azmzm

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