Virginia Sportsbetting Handle Eclipses $300 Million

The state of Virginia has reported its March sportsbetting numbers, noting that players in the state wagered $304.1 million on events during the period.

Adjusted gross revenues for the six different operators taking bets came in at $13.8 million for the month, up 13.1% from the month prior. Handle for the month was also up 14.4%, with college basketball betting coming in at $83.6 million.

Punters won back $277.5 million during the month, and tax revenues generated for the state's General Fund was $1.2 million, while the Problem Gambling Treatment and Support Fund came in at $29,588.

The first two months of sportsbetting saw $628.7 million wagered, meaning that March's numbers are in line with what the industry brought over the first two months of operation.