The Virginia Lottery announced a 55% jump in May’s handle compared to 2021, with the state surpassing the $5-billion mark in total wagers since sports betting was legalized.
press release noted that, after certain adjustments, only five registered positive revenue for the monthBettors took home $308.9 million in winnings for May, down from $363.2 million the month prior. That meant Virginia sportsbooks brought in over $42.5 million in revenue in May, good for a 12.1% hold rate for the month. After deductions, sportsbooks brought in $27.5 million in adjusted gross revenue in May.
Virginia also allows operators to deduct the value of bonuses and free bets used to attract and retain bettors. Sportsbooks have taken advantage of this and subtracted nearly $10 million in “Bonuses and Promotions” in May. , so now companies can only claim these types of deductions for the first 12 months of operation.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Police reveal two prior run-ins with alleged Highland Park shooterThe suspected gunman in the deadly shooting at an Independence Day parade in Highland Park, Illinois, had prior contact with law enforcement, police said Tuesday.
Weiterlesen »
Michael Andretti calls team's Mid-Ohio mayhem 'disappointing', 'unacceptable'Michael Andretti called Andretti Autosport's series of teammate-on-teammate on-track contact and off-track name-calling 'disappointing and unacceptable' in a statement provided to IndyStar.
Weiterlesen »
Key iPhone 14 component supplier says to expect price hikeThe price of the iPhone 14's A16 Bionic may rise because a TSMC partner is going to hike prices and this may be passed on to customers.
Weiterlesen »
500 pairs of shoes stolen from nonprofit in back-to-back break-ins at Tarzana office“For many of our students, these are the only running shoes they will get all year. It’s upsetting to think that these materials were taken from the children in our community who need them most,” Students Run LA said in a statement.
Weiterlesen »
N.J. county reports first case of monkeypox, bringing statewide total to 8The confirmed a case of orthopoxvirus, the virus that causes monkeypox, was in Gloucester Township in Camden County.
Weiterlesen »
Job openings, additions, inflation impact top investor watch listWall Street is currently expecting a total of 11 million job openings as of the end of May and 268,000 new nonfarm jobs in June.
Weiterlesen »