Don’t look now, but Virginia sports betting just raised the bar! The commonwealth became the quickest market ever to reach the $1 billion mark for bets placed on sporting events.
The Virginia Lottery reported that sports wagers there topped $1.09 billion for the year to date ending on May 31st. That total is even more amazing when you consider that the “year to date” for the state didn’t even start until their January 21st launch!
Virginia shattered the record previously set by Tennessee, which managed to reach the billion dollar mark in a six month span. To do so, the state averaged $7.3 million in wagers per day!
A representative for the PlayUSA Network said the state was helped by launching just in time for the Super Bowl. However, the fact that Virginia sports betting continued to grow during typically slow months makes this accomplishment “…all the more impressive.”
You can read more about the growth of sports betting in Virginia at the Bristol Herald Courier.