Virginia Lottery records more than $628m wagered on sports betting since January

Virginia Lottery has reported more than $628m has been wagered on sports betting since it became legal in the state in late January.
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The Virginia Lottery has reported that gamblers have wagered more than $628m on sports betting since it became legal in the state in late January, and operators have paid about $1.5m in taxes.

According to the Bristol Herald Courier, the Virginia Lottery’s Deputy Director of Gaming Compliance told the Lottery Board on Wednesday that revenues continue to improve month over month since the programs became legal in the Old Dominion State on January 21.

Officials noted that roughly half of the money wagered has been on college and pro basketball, and that of the six currently approved operators, two are dominating the market: FanDuel with 53% and DraftKings with 24%, the newspaper reported.

Three additional operators have been approved to operate in Virginia, and they are expected to be up and running in the next couple of months. The Old Dominion State is one of the largest states in the US market and mobile sports betting is expected to reach over $370m in annual revenues at maturity.

Last week, the lottery awarded a mobile sports betting permit to Unibet Interactive, the US sportsbook arm of Kindred Group.