The Virginia Lottery reported $60.6 million in gross sports betting revenue for April on Friday as operators avoided a third consecutive month with a sub-10% hold.

The 10.8% hold posted contributed to gross winnings surging 34.3% higher compared to April 2023 and 27% higher than the $47.7 million reported in March when the hold was only 7.5%. The last time sportsbooks in the Old Dominion had a three-month stretch with single-digit win rates came as part of a five-month stretch from December 2021 through April 2022.

Handle totaled $563.5 million, up 32.3% from 12 months prior, and was the sixth-highest amount in 40 months of legal sports betting in Virginia. The Commonwealth came within $5.7 million of pipping Nevada for the current No. 6 spot among states to report April figures. Virginia also became the ninth state to surpass $16 billion in all-time handle in the post-PASPA era.

The state was eligible to tax $54.6 million in adjusted gross revenue, resulting in an inflow of $8.2 million into its coffers. The $30.7 million in state taxes for the first four months of 2024 is nearly $6.5 million ahead of last year’s pace, and the all-time total cleared $175 million.

The Virginia Lottery does not disclose handle and revenue figures by operator in its monthly releases but did note 12 operators finished with positive adjusted gross revenue for April. The $232.7 million in year-to-date gross revenue is 22.5% higher than the first four months of 2023, slightly lagging behind the 27.2% increase in handle to $2.4 billion.

Adjusted gross revenue, however, is up 33.1% to $209 million. Of the nearly $6 million in deductions reported for April, promotional credits and bonuses accounted for only $11,185 of that amount — an all-time low. Deductions for the federal excise tax, voided bets, and loss carryover accounted for the remaining balance.

More than $60.4 million of gross winnings came via sports betting apps as the state’s 16 mobile operators combined for a 10.8% win rate. In sharp contrast, the three retail sportsbooks posted a 3.7% hold in collecting $155,600 from $4.2 million worth of bets placed.

The state has taxed close to 90% of gross revenue in the first four months of the year, up from 85.3% in 2023 and 74.7% all-time. Specific to 2024, bet365 completed its first year of business in Virginia at the end of January, leaving only Betr and SuperBook as the only operators currently eligible to deduct promotional spend from gross revenue.