Virginia sports betting handle experiences year-over-year decrease in March

(AsiaGameHub) –   The handle decreased 2.4 per cent year-over-year but increased by 17.1 per cent from February.

US.- The Virginia Lottery has released its report on sports wagering activity for March. The handle was $672.8 million, a decrease of 2.4 per cent year-over-year but an increase of 17.1 per cent from February.

Adjusted gross revenue (AGR) totalled $60.1 million. Of the total, mobile operators reported $59.8 million and retail $307,766. Winnings totalled $609 million with a combined 9.49 per cent operators’ win percentage. Of the twelve mobile operators and three casinos, ten reported net positive AGR, leading to $9 million in tax payments.

Casino revenue totalled $100.1 million in March. That’s an increase of 17.5 per cent year-over-year and marks the first time monthly revenue has exceeded $100 million.

Virginia governor vetoes bill to legalise skill games

Virginia Governor Abigail Spanberger recently vetoed Senate Bill 661, which sought to legalise electronic skill gaming devices in the state. She said that SB 661 would strain an already fragmented system and introduce more machines without a comprehensive regulatory structure.

The governor pointed to data collected by the Virginia Alcoholic Beverage Control Authority (ABC) during the period when skill games were allowed to operate legally in the state between 2020 and 2021. She said this illustrates a concentration of machines in communities with higher percentages of residents living below the poverty line, from minorities and with lower education levels.