FanDuel totaled more than $250 million in gross sports betting revenue in Virginia for 2023, closing out the year by topping $30 million in December, according to figures released by the Virginia Lottery in response to a Freedom of Information Act request from .
FanDuel finished with $265.4 million in winnings, accounting for 47% of the $560.2 million in revenue among statewide operators. It set an all-time record for handle in the Old Dominion for the third consecutive month, accepting $265.8 million worth of wagers as it posted an 11.6% hold for December.
The unquestioned leader in the mobile sports betting space, FanDuel’s gross revenue was up 10% from 2022. The increase in handle — 12.2% to nearly $2.27 billion — outpaced revenue, as the 2022 hold was nearly a quarter of a percentage point higher.
Virginia operators set an all-time high in December with $57.2 million in adjusted gross revenue, while the $633.2 million handle and $63.6 million in gross winnings ranked second out of 36 months of wagering.
ESPN BET’s handle surges in first full month
| State | November 2023 Handle | November 2023 Mobile Market Share | December 2023 Handle | December 2023 Mobile Market Share |
|---|---|---|---|---|
| Illinois | $81,077,127 | 6.06% | $96,527,896 | 7.58% |
| Pennsylvania | $65,090,379 | 7.42% | $81,161,570 | 9.32% |
| Ohio | $70,848,937 | 8.42% | $72,862,647 | 9.00% |
| Arizona | $39,024,967 | 5.53% | N/A* | N/A* |
| Maryland | $33,309,326 | 6.25% | $42,390,776 | 7.83% |
| Virginia | $26,928,237 | 4.26% | $36,557,502 | 5.84% |
| Massachusetts | $39,083,620 | 6.14% | $49,981,962 | 7.59% |
| Michigan | $49,876,542 | 8.77% | $55,240,435 | 9.47% |
| Indiana | $27,452,640 | 5.53% | $32,993,334 | 6.77% |
| Kansas | $21,524,694 | 8.55% | $22,609,997 | 9.08% |
| Iowa | $15,296,211 | 5.75% | $18,845,966 | 7.30% |
| *Arizona has not released December figures as of Feb. 14 |