RICHMOND, Va. – Virginians wagered $672.8 million on sports in March, a 17.1% increase from February, according to monthly figures released by the Virginia Lottery.
Twelve mobile operators and three casinos were authorized to take bets during the month. A full list of approved operators is available on the Lottery’s website under the “approvals” tab.
Bettors won $609.0 million, resulting in a combined 9.49% win rate for operators.
Virginia taxes sports wagering at 15% of adjusted gross revenue, defined as total wagers minus winnings and other allowable deductions. Under state law, 97.5% of tax revenue is deposited into the state’s General Fund, while 2.5% goes to the Problem Gambling Treatment and Support Fund, administered by the Department of Behavioral Health and Developmental Services.
