Friday, May 7, 2021

$628M wagered on sports betting so far


RICHMOND, Va. (AP) — State officials say gamblers have wagered more than $628 million on sports betting since it became legal in Virginia in late January.

The Bristol Herald Courier reports the state lottery board got an update this week from gaming officials who also said about $1.5 million has been paid in taxes.

Roughly half of the money wagered has been on college and pro basketball.

The newspaper reports that of the six currently approved operators, two are dominating the market: Fanduel with 53% and Draft Kings with 24%.

Copyright 2021 AP. All rights reserved.

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