FanDuel fueled January’s all-time highs for monthly sports betting handle and gross revenue in Virginia, according to figures from a fulfilled Freedom of Information Act request submitted by to the Virginia Lottery.
It was a good opening to 2024 for multiple mobile operators. Five set monthly highs in the Old Dominion for handle and five topped $1 million in gross revenue. FanDuel’s staggering haul of $37.9 million, though, more than compensated for those who had subpar months and was a key reason the statewide hold was a robust 11.4% in January.
Those in Virginia used their sports betting apps frequently as mobile handle reached an all-time monthly high of $646.2 million. The 14 digital sportsbooks combined for $73.4 million in gross winnings, sticking that 11.4% win rate while the three retail venues chipped in over $934,000 from $6.6 million worth of wagers to craft a 14.1% hold.
FanDuel keeps winning
January #SportsBetting numbers ??for #Virginia via @VirginiaLottery. Rankings out of 37 months in parentheses.