Virginia Sports Betting Revenue And Handle

By Jim Tomlin

@jdtomlin68

October 31, 2025 12:12pm

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, September vs. August

Virginia sportsbooks came close to breaking a record for wagers accepted in September, setting up what should be a banner autumn with football season in full swing.

September’s sports betting handle was $737,184,001, up 44.5% from August ($510,179,552), according to numbers posted at the Virginia Lottery website on Oct. 31. That was the second-highest total recorded in the state since it launched sports betting in 2021, trailing only the $760,965,450 handle from November 2024.

If trends hold, expect all kinds of handle records to fall in Virginia over the next couple of months.

The mobile operators dominated as always, with 99.2% of bets placed via phones, laptops or desktop devices. The online sports betting handle of $731,540,895 was a 44.5% increase from $506,278,964 in August.

The statewide revenue and taxes also increased in a month-over-month comparison, albeit at a slower rate. Adjusted gross revenue (AGR) from all sports betting rose 10.6%, from $58,281,044 the previous month to $64,479,290 in September. At mobile outlets, September’s AGR was $63,587,640, up 10.9% from August ($57,342,148).

Total taxes derived from wagering on sports increased 11.4%, from $8,678,230 in August to $9,668,629 for the ninth month of 2025.

Virginia Mobile Sports Betting History