Virginia releases June 2024 sports betting activity
1 August 2024(PRESS RELEASE) -- The Virginia Lottery today released its report on sports wagering activity submitted by licensed operators for the month of June 2024.
Between 1 June and 30 June 2024, Virginians wagered $415,360,427, 27.6% higher than last June. Virginia bettors won a total of $369,869,678 for a combined 10.95% operators win percentage.
State law places a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue, which is defined as total wagers minus total winnings and other authorized deductions.
Of the state tax on sports betting AGR, the statute specifies 97.5 percent is to be deposited in the state’s General Fund and 2.5 percent is to be deposited into the Problem Gambling Treatment and Support Fund administered by the Virginia Department of Behavioral Health and Developmental Services.
Ten operators reported net positive AGR for June, leading to $6.2 million in tax payments for the month.