There was a modest increase in Virginia sports betting financial results for January as far as handle, compared to December 2022, but a decrease in adjusted gross revenue.
But a change from 2022 in how the taxable revenue is derived continued to reflect increases in adjusted gross revenue and in tax collections for January 2023 compared to the same month a year ago.
The January total sports betting handle (mobile and retail) was about $514.2 million, up 2.0% from December ($503.1 million) and up 5.7% from January 2022 ($485.5 million), according to numbers posted by the Virginia Lottery.
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Virginia Sports Betting, January vs. December
| Total Handle | Revenue | Taxes |
|---|
| January | $513.155M | $42.127M | $6.369M |
| December | $503.075M | $47.020M | $7.027M |
| Change | Up 2.0% | Down 10.4% | Down 9.4% |
Must be 21+ and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NJ, NY, NC, OH, PA, TN, VA, WV, WY or Washington, DC. New users only. Must register using eligible promo code. First wager after registration must qualify. Min. Odds: -500. Max. Bonus Bet: $250. Awarded as non-withdrawable Bonus Bet that expires 14 days after receipt. Bonus Bet amount not returned for winning bets. Void where prohibited. See http://Caesars.com/promos for full terms. Know When To Stop Before You Start®. Gambling Problem? CO, IL, KY, MD, MI, MO, NJ, OH, TN, VA, WV, WY, KS (Affiliated with Kansas Crossing Casino), ME (Licensed through the Mi’kmaq Nation, Penobscot Nation, and Houlton Band of Maliseet Indians, federally recognized tribes located in the State of Maine), NC (Licensed through Tribal Casino Gaming Enterprise), PA (Affiliated with Harrah's Philadelphia): If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit http://mdgamblinghelp.org or WV: visit http://1800gambler.net ; AZ: Call 1-800-NEXT-STEP; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA (Licensed through Horseshoe Bossier City and Caesars New Orleans), Washington, DC (OLG Class A licensed Operator): Call 1-800-522-4700. ©2025, Caesars Entertainment Gambling Problem? Call 1-800-GAMBLER DC, LA: Call 1-800-522-4700 MA: Call 1-800-327-5050 or visit http://gamblinghelplinema.org NY: Call 877-8-HOPENY or text HOPENY (467369)
Virginia Sportsbook Apps Dominate Market
January’s mobile sports betting handle was nearly $511 million with about $3 million in retail handle from the commonwealth’s two operating casinos. January was the first month that the amount wagered at mobile Virginia sports betting apps was separated from betting at bricks-and-mortar casinos, which is still a fairly new option in what had been an online-only market.
The January sports betting adjusted gross revenue (AGR) was $42.12 million, down 10.4% from December ($47 million) and up 131.2% from January 2022 ($18.2 million).
The AGR total leaped because of a change in how sportsbooks can deduct bonuses and promotions given to customers from revenue totals to arrive at a taxable figure.
Sports betting taxes for January were $6,368,899, down 9.4% from December ($7,026,829) and an increase of 122.1% from January 2022 ($2,876,609).
Must be 21+ and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NJ, NY, NC, OH, PA, TN, VA, WV, WY or Washington, DC. New users only. Must register using eligible promo code. First wager after registration must qualify. Min. Odds: -500. Max. Bonus Bet: $250. Awarded as non-withdrawable Bonus Bet that expires 14 days after receipt. Bonus Bet amount not returned for winning bets. Void where prohibited. See http://Caesars.com/promos for full terms. Know When To Stop Before You Start®. Gambling Problem? CO, IL, KY, MD, MI, MO, NJ, OH, TN, VA, WV, WY, KS (Affiliated with Kansas Crossing Casino), ME (Licensed through the Mi’kmaq Nation, Penobscot Nation, and Houlton Band of Maliseet Indians, federally recognized tribes located in the State of Maine), NC (Licensed through Tribal Casino Gaming Enterprise), PA (Affiliated with Harrah's Philadelphia): If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit http://mdgamblinghelp.org or WV: visit http://1800gambler.net ; AZ: Call 1-800-NEXT-STEP; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA (Licensed through Horseshoe Bossier City and Caesars New Orleans), Washington, DC (OLG Class A licensed Operator): Call 1-800-522-4700. ©2025, Caesars Entertainment Gambling Problem? Call 1-800-GAMBLER DC, LA: Call 1-800-522-4700 MA: Call 1-800-327-5050 or visit http://gamblinghelplinema.org NY: Call 877-8-HOPENY or text HOPENY (467369)
New Player in Virginia Sportsbook Market
The latest Virginia sports betting operator to go live was bet365, a UK-based company.
The operator recently withdrew its attempt enter the Massachusetts sports betting market. That state launched retail wagering on sports on Jan. 31 and is set to have mobile sports betting begin on March 10.
One of the most notable operators in the UK, bet365 also has licenses to operate in Ohio, New Jersey and Colorado.
Get the best Virginia sportsbook promo codes here at BetVirginia.
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