RICHMOND, Va. (WFXR) – On Tuesday, the Virginia Lottery released its report on sports wagering activity submitted by licensed operators for the month of December – the 11th full month of reporting since legal sports betting in Virginia launched in January 2021.
During the month of December, Virginians wagered $426,596,891 – just slightly less than $1 million less than the record-setting month of October, meaning December has been secured as the second-highest month of wagering since the inception of sports betting in Virginia.
As far as winnings, Virginia bettors won $395,081,876 for a combined 7.39 percent operators win percentage.
Virginia’s sports betting catalog of approved leaves and events continued to expand and through the end of December, bettors waged a combined total of over $3.2 billion on a wide variety of approved sporting events.
State law places a 15 percent tax on sports betting activity based on each permit holder’s adjusted gross revenue (AGR), which is defined as total wagers minus total winnings and other authorized deductions.
Gross sports gaming revenues
- December 2021: $426,596,891
- Inception to Date: $3,221,790,714
Gross winnings
- December 2021: $395,081,876
- Inception to Date: $2,935,895,156
Bonuses and Promotions
- December 2021: $17,051,709
- Inception to Date: $122,069,361
Other Deductions
- December 2021: $4,339,908
- Inception to Date: $32,959,040
AGR (Adjusted Gross Revenue)
- December 2021: $10,123,398
- Inception to Date: $130,867,157
