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, January vs. December
| Total handle | Mobile handle | Revenue |
January | $687.946M | $683.940M | $75.195M |
December | $710.948M | $705.285M | $79.268M |
Change | -3.2% | -3% | -5.1% |
The first month of the year delivered slight declines for Virginia sports betting operators and regulators like, with a 3.2% dip in wagering handle and a 5.1% drop in adjusted gross revenue in January.
Overall, January’s Virginia sports betting handle was $687,946,666, down 3.2% from December ($710,948,200), while the Commonwealth’s mobile sports betting handle was $683,940,659, down 3% from December ($705,285,402).
As far as adjusted gross revenue was concerned, Virginia sports betting operators chipped in $75,195,665 during January, down 5.1% from December ($79,267,870), with mobile sports betting AGR (adjusted gross revenue) finishing up at $74,871,280, down 5.4% from December ($79,152,805).
That drop in Virginia sports betting adjusted gross revenue meant that wagering taxes suffered a similar decline in January, finishing up at $11,247,778, down 5.7% from 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 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
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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