Virginia online sports betting handle rebounds amid higher August bonus spend
Virginia reported online sports betting handle of US$284.67m for August 2022. The margin recorded for the month was 87%, compared to 90% in July. Promotional spend for month increased to US $1.14m, up from US$.397,000 in the previous month.
The FIFA World Cup will take place in December instead of in June-August. The United States of America has qualified for the tournament. Soccer is one of the more popular sports outside of 'big three'. The state's sports betting activity in August was US%4.5m. US$4m was allocated to the General Fund Allocation and US $111,853 to Problem Gambling Treatment and Support Fund.
