Virginia Sports Betting
Virginia Sports Betting Revenue And Handle

Virginia Sports Betting Revenue And Handle

January 30, 2026 12:58pm

The experts at BetVirginia.com have assembled this guide to explain what we mean when we talk about revenue and sportsbook handle for Virginia sports betting that the state reports each month.

There is an active market with many online or mobile operators as well as a growing number of retail sports wagering options at brick-and-mortar casinos in the commonwealth.

The handle is simply the total dollars wagered on sports in the state each month. In Virginia, bettors wager hundreds of million of dollars each month. From the time legal sports betting launched in January 2021 to early 2023, legal, regulated sports bets were placed exclusively with online sportsbooks. Since then, physical casinos have begun taking retail wagers on sports, albeit in much smaller numbers.

The revenue refers to the amount that operators have left after they pay out winning bets. From there, bookmakers pay 15% tax to the state on the adjusted gross revenue. Those operators often offer Virginia sportsbook promo codes to their customers for signing up.

Virginia sports betting, December vs. November

	Total handle	Mobile handle	Revenue
December	$710.948M	$705.285M	$79.268M
November	$798.879M	$793.572M	$95.299M
Change	Down 11.0%	Down 11.1%	Down 16.8%

Virginia sportsbooks saw their numbers decline in December, compared to the previous month, but the year-over-year financial figures were more encouraging.

The total sports betting handle, or wagers accepted, at Virginia sports betting operators set a state record in 2025, at more than $7.68 billion. That was a 10.9% increase from 2024, when the state accepted about $6.93 billion in sports bets.

The revenue derived from sports betting last year rose even more sharply, spiking 27.4, from $617,820,478 in 2024 to $787,389,647 in 2025.

As for the month-over-month comparisons, which the Virginia Lottery posted on Jan. 30, the handle dropped 11.0%, from November’s $798,878,673 to $710,948,200 in the final month of 2025.

The state’s adjusted gross revenue (AGR) from sports betting was $79,267,870 in December, down 16.8% from November’s record total of $95,299,159. The AGR from mobile operators was $79,152,805 in December, a 16.8% decline from $95,106,107 in November, which also set a new mark.

Sports betting total taxes fell 16.4% from November ($14,274,611) to December ($11,933,524).

Virginia Mobile Sports Betting History

Virginia Sports Betting Handle and Revenue FAQs

The Virginia sports betting handle in 2025 was more than $7.683 billion, a 10.9% boost from the 2024 figure of $6.93 billion.

The tax rate for Virginia sports betting is 15%. That’s what operators pay to the state out of the adjusted gross revenue derived from sports wagering once winning bets are paid out.

The Virginia Lottery reports its figures for sports betting once a month, usually about four weeks after a month ends. For instance, December 2025 figures were released on Jan. 30, 2026.

The Virginia Lottery states on its website: “Of the state tax on sports betting AGR, the statute specifies 97.5% is to be deposited in the state’s General Fund and 2.5% is to be deposited into the Problem Gambling Treatment and Support Fund administered by the Virginia Department of Behavioral Health and Developmental Services.”

The Virginia Lottery regulates sports betting in the commonwealth.

Mobile sports betting handle refers to the amount of money wagered on mobile or online apps, using phones, laptops or other online devices. Many mobile operators offer Virginia sports betting promo codes to their customers. In Virginia, sports betting was done exclusively online for the first two years of operation; the state had no brick-and-mortar casinos at the time. Since then a few casinos have opened in the state and several can accept retail bets on sports in addition to more traditional slot machines and table games.

Handle is the terms used to refer to the amount of money wagered in a month. If a handle is reported as $350 million, that means that the operators in the state combined to accept that much money from people betting on sports. Revenue refers to what’s left over after winning bets are paid out; Virginia gaming revenue on sports is taxed based on the amount of adjusted gross revenue each month.

Author

Jim Tomlin

Jim Tomlin has nearly 30 years of experience in journalism, having worked at such publications as the Tampa Bay Times, FanRag, Saturdays Down South and Saturday Tradition. He is a contributing writer and editor for BetVirginia.com.

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