Virginia Lottery reports $505.6m sports betting handle for May
Virginia sports betting operators recorded $505.6 million in wagers in May, according to figures obtained from the Virginia Lottery. Gross revenue was just under $60 million, and FanDuel led operators with $29.1 million in gross revenue and a 14.6% hold. The state collected $38.8 million in taxes in the first five months of the year.
Virginia’s wagering and tax figures help operators assess market scale, while FanDuel’s revenue and hold show its leading May performance.