Virginia’s Online Betting Handle On Horse Racing Is Up 42%

Virginia’s Advance Deposit Wagering (ADW) handle on horse races continued to surge in July, extending an upward trend that began when the Covid-19 pandemic started in mid-March. 

For the third straight month, handle generated from four online partner betting providers — TVG, Xpressbet, Twinspires and NYRABets — reached eight-digit territory. July’s $15,378,223 was a touch below June’s $15,624,034 figure, but ahead of the $14,651,615 wagered in May. Since January, when $7,053,900 was bet via the four, handle has increased each month.

Simulcast horse racing became available again to watch and wager at Rosie’s Gaming Emporiums on July 1.

Through June, online betting handle was up 32% compared to the same time frame in 2019. Incorporating July’s numbers, the increase stands at 42% over last year’s seven-month comparison. All totaled, $77,181,503 has been wagered this year versus $54,047,229 in 2019.          
TVG continues to generate the most handle from Virginia residents with $7,696,248 million in July and $41,028,668 for the seven months. That is up 56% over last year’s $26,272,804. Twinspires is up 22% — $22,489,884 this year versus $18,779,052 in 2019. Xpressbet, who has accepted $10,161,543 in bets so far, is up 41% while NYRABets, newest of the four, is up 95% from handling $3,501,408.

Bets are accepted on live horse races at Buckets Bar & Grill in Chesapeake.

Colonial Downs’ Rosies’s Gaming Emporiums and VA-Horseplay Off Track Betting Centers reopened in July for the first time since closing March 16. For 2020, Historical Horse Racing (HHR) handle stands at $676,030,433 from Rosie’s sites in New Kent, Hampton, Richmond and Vinton. The Richmond location on Midlothian Turnpike has handled $252,645,399 alone.

For the year, live simulcast handle is $10,394,824 from the Rosie’s and VA-Horseplay OTBs combined. Breakers Sports Grille in Henrico leads the way with $2,239,894 while Buckets Bar & Grill in Chesapeake is next at $2,102,318. The OTB inside Rosie’s Hampton follows with $1,724,840

Combining all categories, total all-sources handle through July was $763,606,761.

With major racing events like the Kentucky Derby (September 5) and Preakness (October 3) still to come, interest in racing should continue to remain strong.