Virginia Sports Betting
Virginia Sports Betting Revenue And Handle

Virginia Sports Betting Revenue And Handle

August 1, 2025 12:09pm

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.

Virginia Sports Betting, June vs. May

	Total handle	Mobile handle	Revenue
June	$477.849M	$472.780M	$57.107M
May	$595.041M	$589.882M	$67.913M
Change	Down 19.7%	Down 19.9%	Down 15.9%

The first month of summer delivered dreary, if predictable, results for Virginia sports betting operators. June numbers, reported on Aug. 1 by the Virginia Lottery, showed month-over-month drops for handle, revenue and tax dollars compared to where the Old Dominion stood in May.

Overall, Virginia operators combined for total sports betting handle of $477,848,533 in June, down 19.7% from May ($595,041,428). And the Commonwealth’s mobile sports betting handle was $472,780,185, a 19.9% decrease from $589,882,444 in the previous month. The NBA and NHL seasons end in June, which always means that fewer wagers are placed as bettors wait for NFL and college football seasons to start.

Virginia had a similar decline in sports betting adjusted gross revenue (AGR), with a 15.9% fall between May ($67,912,656) and June ($57,106,754). The Commonwealth’s mobile sports betting AGR was $57,434,370 for the sixth month of the year, a 14.8% decline from $67,445,397 in May.

Finally, Virginia’s sports betting tax bill was $8,674,412 for June, which was 14.6% lower than the $10,159,914 reported in May.

Virginia Mobile Sports Betting History

Virginia Sports Betting Handle and Revenue FAQs

The Virginia sports betting handle in 2024 was more than $6.925 billion, a 23.9% boost from the 2023 figure of $5.59 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 at the end of the following month or on the first day of the month after that. For instance, March 2023 figures were released on May 1, 2023.

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

Christopher Boan

Christopher Boan has been covering sports and sports betting for more than seven years, including stops at ArizonaSports.com, the Tucson Weekly and the Green Valley News.

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