October’s handle was 50.5% higher than the $427.3m spent by players in Septemberand comfortably beat the previous monthly record of $304.1m set in March.
Players won a total of $397.2m from sports betting in October. After subtracting $15.8m in bonuses and promotional bets, and $4.6m in other deductions, this left $9.8m in adjusted gross revenue, down 4.9% from $10.3m in September.
The state generated $1.7m from the 15% tax on adjusted gross revenue, defined as total bets minus winnings and other authorised deductions.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/va-surpasses-2-3bn-in-total-wagers-after-setting-new-handle-record-in-october/
