How the Virginia Sports Betting Market Fared in June

Keeping track of online gaming news is important for anyone who is in the industry. For bookies, it helps them see the various trends in the market. This, more or less, gives them an idea on what to expect when it comes to gambling and sports betting. Which is why we are taking a look at the Virginia sports betting market and how it fared this June.

This is a particularly interesting month for Virginia sportsbooks, because even though the Virginia Lottery is reporting lower month on month numbers, the year on year growth is still good. Meaning, seeing lower numbers from the previous month may not be good. But the year on year growth will leave a pay per head bookie confident that the industry is still doing better, and that this month’s numbers could be a temporary slump.

Virginia Sports Betting Market in June

For instance, June, being a summer month, traditionally gets a lower handle than other months. Since the sports calendar is less busy during this season, there are less events to bet on. Virginia sportsbooks have just below $26 million in gross gaming revenue, or GGR for June, which is the lowest that the state has seen this year. However, if we look at the year on year numbers, the June gross revenue is 17.9% higher than in June 2021.

And if we look at the sports betting numbers across the country for June, Virginia actually makes it in the top 5. New York hits $1.06 Billion, with New Jersey running second at $633.2 million. Meanwhile, Nevada is third with $490.4 million, while Pennsylvania takes the fourth top spot at $393.5 million. Virginia is at $295.5 million for total monthly betting handle.

As you can see, running a sportsbook with a PricePerPlayer.com software will be a wise and sound investment and business. The next few months will show an increase in betting handle across the country as more sports leagues will open their latest seasons. So starting now will give you more than enough time to launch your sportsbook and build a good customer base to welcome the incoming peak season in sports betting.

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