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
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Feb. 2022: $401,889,135
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Inception To Date: $4,109,224,266
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Gross Winnings
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Feb. 2022: $374,391,002
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Inception To Date: $3,756,780,507
|
Bonuses and Promotions
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Feb. 2022: $15,816,234
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Inception To Date: $154,736,576
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Other Deductions
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Feb. 2022: $3,797,649
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Inception To Date: $40,735,209
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AGR (Adjusted Gross Revenue)
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Feb. 2022: $7,884,250
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Inception To Date: $156,971,974
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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
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Monthly Taxes: $1,406,280.24
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Inception To Date: $24,622,911.12
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General Fund Allocation
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Monthly Taxes: $1,371,123.23
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Inception To Date: $24,007,338.33
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Problem Gaming Treatment and Support Fund Allocation
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Monthly Taxes: $35,157.01
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Inception To Date: $615,572.79
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https://www.wfxrtv.com/news/regional-news/virginia-news/virginia-lottery-sports-wagering-tops-400m-in-february/