Virginia Lottery: Sports wagering tops $400M in February
RICHMOND, Va. (WFXR) – On Friday, The Virginia Lottery released its report on sports wagering in Virginia during the month of February 2022.
During the 28-day span, Virginians wagered $401,889,135 with bets on the premiere event of the month, The Super Bowl, coming in at $33.157 million.
A total of $374,391,002 was won by bettors for a combined 6.84$ operator’s win percentage.
Below are the official tallies:
Gross Sports Gaming Revenues
|
Feb. 2022: $401,889,135 |
Inception To Date: $4,109,224,266 |
Gross Winnings
|
Feb. 2022: $374,391,002 |
Inception To Date: $3,756,780,507 |
Bonuses and Promotions
|
Feb. 2022: $15,816,234 |
Inception To Date: $154,736,576 |
Other Deductions
|
Feb. 2022: $3,797,649 |
Inception To Date: $40,735,209 |
AGR (Adjusted Gross Revenue)
|
Feb. 2022: $7,884,250 |
Inception To Date: $156,971,974 |
Of Virginia’s tax on sports betting AGR, the statute specifies that 97.5% is to be deposited in the state’s General Fund and the remaining 2.5% is to be deposited into the Problem Gambling Treatment and Support Fund – administered by the Virginia Department of Behavioral Health.
Total Tax
|
Monthly Taxes: $1,406,280.24 |
Inception To Date: $24,622,911.12 |
General Fund Allocation
|
Monthly Taxes: $1,371,123.23 |
Inception To Date: $24,007,338.33 |
Problem Gaming Treatment and Support Fund Allocation
|
Monthly Taxes: $35,157.01 |
Inception To Date: $615,572.79 |