RICHMOND, Va. (AP) — Gamblers have wagered more than $628 million on sports betting since it became legal in Virginia in late January, and operators have paid about $1.5 million in taxes, state officials said this week.
Revenues continue climbing month over month since the programs became legal on Jan. 21, the Virginia Lottery’s deputy director of gaming compliance told the Lottery Board on Wednesday, the Bristol Herald Courier reported.
Roughly half of the money wagered has been on college and pro basketball, officials said.
Of the six currently approved operators, two are dominating the market: Fanduel with 53% and Draft Kings with 24%, the newspaper reported.
Officials said three additional operators have been approved and are expected to be up and running in the next couple of months.
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