Virginia’s sports wagering handle took a healthy jump in September from August, presumably because of the start of NFL and college football, and the revenue set a state record.
The September Virginia sports betting handle of almost $411.3 million was a 44.5% increase from August (almost $284.7 million) and up 40.0% from September 2021 (more than $293.8 million).
Meanwhile, adjusted gross revenues (AGR) apparently continue to reflect changes made by the commonwealth this year regarding the deductions that sportsbooks can take for promotional expenses. Curtailing those allowances to a degree have resulted in an increase in AGR and consequently, taxes paid to the state. The tax rate in the commonwealth is 15% of the AGR.
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.
Virginia Sports Betting, September vs. August
| Total Handle | Revenue | Taxes |
|---|
| September | $411.273M | $48.393M | $7.257M |
| August | $284.671M | $31.443M | $4.474M |
| Change | Up 44.5% | Up 53.9% | Up 62.2% |
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA). 21+ only. Please Gamble Responsibly. Terms and conditions apply. Subject to eligibility requirements. Bonus bets are non-withdrawable. This promotional offer is not available in Mississippi, Nevada, Ontario, or Puerto Rico.
State’s AGR Breaks Mark Set in August
September’s sports betting AGR in Virginia was nearly $48.4 million, easily breaking the state’s record set the previous month. That September total was up 53.9% from the Virginia August sports betting revenue (which was more than $31.4 million) and up 368.3% from September 2021 ($10.33 million).
The threefold increase in same-month year-over-year AGR could be inferred to be a result of the deduction changes.
Tax revenues generally track AGR. In September, taxes from VA sports betting apps were $7,257,403, up 62.2% from August ($4,474,132) and up 366% from September 2021 ($1,557,499). The new promotions-tax policy went into effect for July.
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA). 21+ only. Please Gamble Responsibly. Terms and conditions apply. Subject to eligibility requirements. Bonus bets are non-withdrawable. This promotional offer is not available in Mississippi, Nevada, Ontario, or Puerto Rico.
All-Mobile Sports Betting in Virginia
In Virginia, sports betting is all online with just one bricks-and-mortar casino up-and-running so far. That one is in Bristol, Virginia, near the Tennessee state line. An elaborate Hard Rock is planned for Bristol.
And though there are 14 operators listed in a recent commonwealth report as having some portion of the sports wagering market share for January 2022 to September 2022, just three sports betting operators dominated with more than 90% of the market combined. Those operators are: FanDuel Sportsbook, 40.64%; DraftKings, 22.82%, and BetMGM, 19.30%.
According to the report, BetMGM accounted for 34.7% of the promotions over the January-September period. FanDuel was 28% of the total. DraftKings accounted for 15.6% of promotions.
Virginia sportsbook promo codes are available at BetVirginia.com for wagers on a variety of sports.
GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD). 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. Must register new DraftKings account to receive reward Token. Must select Token BEFORE placing min. $5 bet to get 1 promo code to redeem 3-month NBA League Pass subscription, complimentary of DraftKings, and get max. $300 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bonus Bets expire in 7 days (168 hours) and stake removed from payout. Token expires 11/23/25. Terms: sportsbook.draftkings.com/promos. NBA League Pass: Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/25 at 11:59 PM ET. Addt’l terms: https://support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Offer ends 11/16/25 at 11:59 PM ET. Sponsored by DK.
![quote]( "quote")
