Virginia lottery: $628M wagered on sports betting so far

RICHMOND, Va. — State officials say gamblers have wagered more than $628 million on sports betting since it became legal in Virginia in late January.

The Bristol Herald Courier reports the state lottery board got an update this week from gaming officials who also said about $1.5 million has been paid in taxes.

Roughly half of the money wagered has been on college and pro basketball.

The newspaper reports that of the six currently approved operators, two are dominating the market: Fanduel with 53% and Draft Kings with 24%.

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up