After just over three months of work, the sports betting industry in Virginia has reached nearly 900 million $ in wagering. In April, the total door handle was $ 236,432,524, which is a decrease from the last figures. Of this number, players won just over $ 216 million. Compared to March, the monthly total fell slightly above 22%.
First month Fall over a month
April was the first month in which the sports and bookmaking industry recorded a month-to-month decline. The industry started this year on January 21 and continues to see an increase in the number of establishments. In March, the total handle reached $ 304 million, but that month was also the time when bettors had access to NCAA March Madness matches.
Last month, bookmakers managed to earn $ 19.4 million. This was a significant decrease from the $ 26.6 million in the previous month. Adjusted Total Gross Income was 11.4 million. In total, April contributed $ 1.7 million in taxes, plus just over $ $ 41,000 for problem gambling.
The sports betting industry has NHL, NBA and MLB but these leagues are not as popular as the NFL and NCAA March Madness. Almost every state sees a slowdown from late spring to the summer months as the league seasons change.
In April, the sports betting market was also welcomed by a new operator, Unibet. Online game company Pala Band of Mission Indians Pala Interactive LLC launched the brand in the state in collaboration with the Kindred Group. The premiere came shortly after the brand launched in Pennsylvania and Indiana.
Online gaming services could be launched in the state after the approval of the Kindred Group in late April this year. Unibet Interactive has been authorized to directly access the market for mobile sports betting. The online bookmaker Unibet has a simplistic look and a familiar green and white color scheme.
On the left side of the home page, players will find popular markets listed with all the sports on offer. Easily select an option and start betting. The site also lists up-to-date live events so players can start betting live.
As more and more operators join the industry in Virginia , the state will approach the $ 1 billion threshold at a faster pace. The brand is close and could hit the US target the fastest if they manage to manage approximately 140 million $ at their facilities this month. The totals will be released soon, so we'll see how the state has been able to handle this last month.