Virginia Lottery Releases July Sports Betting Results

The Virginia Lottery released its July sports wagering report and bets were up by 64% from July of 2021. Bets topped $266 million and winners took home nearly $240 million. Sports wagering began in January 2021 and there are now 13 online operators plus a new sports book opened last month in Bristol. State law places a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue.