Virginia Sports Betting Revenue And Handle
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, May vs. April
| Total handle | Mobile handle | Revenue |
May | $581.336M | $574.585M | $63.325M |
April | $613.893M | $608.532M | $64.599M |
Change | Down 5.3% | Down 5.6% | Down 2.0% |
Virginia sports betting handle slipped for a second straight month in May as the spring sports calendar thinned out. The Virginia Lottery reported that the state's 11 mobile sportsbooks and 3 casino retail sportsbooks accepted $581,335,802 in total wagers during the month, down 5.3% from April's $613,893,171. Mobile betting accounted for $574,584,903 of the total, with retail sportsbooks contributing $6,750,899.
Adjusted gross revenue (AGR) also dipped, falling 2.0% from $64,599,389 in April to $63,324,563 in May. Mobile operators generated $62,885,007 in AGR while retail sportsbooks posted $439,556, a reversal from April when retail AGR was negative. Bettors won $513,697,356 during the month, resulting in a combined operator hold of 11.6%. No promotional or bonus deductions were reported; operators recorded $4,313,883 in other allowable deductions.
Virginia taxes sportsbook AGR at a 15% rate. The state collected $9,478,671 in May, with $9,241,705 going to the General Fund and $236,967 to the Problem Gambling Treatment and Support Fund. That was down 3.1% from April's $9,784,748.
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 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.
Author
Thomas Leary is a news editor and writer for BetVirginia.com. He previously worked at Sports Business Journal for moer than six years, where he helped identify emerging sectors across sports business, such as legalized gambling, and helped launch the publication’s digital newsletter division.
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