US April Round-up: Virginia’s growth is expected to be strong, but Colorado has a mixed performance.

Virginia’s sports wagering revenue and handling increased in April. Colorado’s total betting revenue decreased, despite an increase in player spending.

In Virginia, player expenditures totaled $563.5m. (PS442.4m/EUR519.2m). The total is up 32.3% on a year to date, but it’s 11.3% lower than the $635.5m in March.

Online betting in Virginia accounted for $559,3m plus $4m from retail sportsbooks.

The adjusted gross revenues reached $54.6m which was 40.4% more than the $42.4m of March last year.

Online betting generated $54,5m of this total. Retail revenue was only $110,208.

The adjusted gross revenue (AGR) is the gross revenue after player wins, promotions and bonuses are subtracted. Virginia calculates adjusted gross revenues at a rate of flat 15.0%.

In April, players won $502.9m and the state generated $8.2m of tax. Virginia doesn’t disclose any information about individual operators. However, it has been revealed that twelve of the state’s licensed operators had positive gross adjusted revenue for April.

Colorado revenue down despite increased spending

In Colorado, the results of sports betting were mixed in April.

The player spending in March was $509.5m. This is a 22.0% increase on the year but a 14.1% decrease from last month. The online betting market accounted for $507.1m and the retail bet market accounted for $2.4m.

In April, consumers wagered a total amount of $169.6m on basketball. Baseball was the second most popular sport, with bets totaling $85,9m. Tennis betting accounted for $32.5m.

Total gross gaming revenues from sports betting reached $32.0m. It is an 8.8% decrease from last year, and is also 28.9% less than the $45.0m reported in March of this year.

The online gaming gross revenue was $32.2m. However, the total market figure has been impacted by retail gambling losses of $160,166.

The state collected $1.9m tax from players who won $477.5m through sports betting.