Virginia Sports Betting Revenue Insights August 2025

Revenue Insights

$477.85M

Bettors in Virginia staked nearly half a billion dollars in June.

Revenue Trends

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$57.11M

Sportsbooks kept $57.11M in gross revenue for the month.

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11.95%

A strong hold rate gave operators one of their best months of 2025.

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$8.67M

The state collected $8.67M in taxes from June’s betting activity.

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Sports Betting in Virginia

Virginia entered the sports betting market in January 2021 and quickly became one of the nation’s top states. Regulated by the Virginia Lottery, the market handled over $5.5B in 2023, generating more than $72M in tax revenue. Operators pay a 15% tax on adjusted gross revenue, with 2.5% earmarked for the Problem Gambling Treatment and Support Fund.

The state allows up to 12 online sportsbooks and also permits commercial casinos. Betting rules include:

No wagering on youth sports.
No prop bets on college sports and no bets on Virginia college teams (except in multi-game events where the bet doesn’t directly involve them).
21+ age requirement.

Interested in operator comparisons? See our in-depth reviews of Virginia Sportsbook.

Annual Sports Betting Growth in Virginia

Data is pulled directly from the Virginia Lottery Annual Reports

Source:

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Monthly Sports Betting Growth in Virginia

Taxes

Data is pulled directly from the Virginia Lottery Monthly Reports

Source:

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Virginia Sports Betting Revenue

Year	Handle	Revenue	Hold %	State Taxes
2021	3,221,791,416	135,600,220	4.22%	20,340,033
2022	4,914,954,449	345,104,567	7.00%	51,765,685
2023	5,590,022,862	481,978,027	8.69%	72,296,704
2024	6,925,832,328	615,044,067	9.01%	92,256,610
2025 Ytd	See monthly breakdown below	—	—	—

2025 Year-to-Date

Month	Handle (USD)	GGR (USD)	Hold %	Tax Revenue (USD)
Jan 2025	736,667,692	80,916,172	10.98%	12,137,426
Feb 2025	556,836,877	61,911,473	11.12%	9,303,968
Mar 2025	689,665,044	45,085,192	6.54%	6,754,928
Apr 2025	236,432,523	11,380,137	4.81%	1,652,147
May 2025	595,041,428	67,912,656	11.41%	10,159,914
Jun 2025	477,848,533	57,106,754	11.95%	8,674,412

Highlights

January 2025 delivered the year’s highest handle so far at $736.67M and GGR of $80.92M.
March 2025 saw the lowest hold (6.54%), favoring bettors and reducing operator margins.
April 2025 posted the lowest handle and tax revenue of the year to date.
May–June 2025 both had hold rates above 11%, boosting GGR despite lower handle compared to January and March.

Latest Updates in Virginia Sports Wagering

Apr 15, 2025 – Virginia Sportsbooks Pressured for Relaxed Protections
A report by the Campaign for Accountability revealed that major sportsbooks, including Caesars and DraftKings, lobbied to remove proposed consumer protection rules in 2021, such as mandatory breaks and play limits. These measures were ultimately dropped from Virginia’s finalized regulations. (theguardian.com)
Feb 18, 2025 – Legal Challenges and Recovery Efforts Rise
With the expansion of Virginia’s gambling market, demand for addiction support services has grown. One recovery counselor, who lost $500,000 to gambling, now assists over 100 people struggling with gambling issues in the state. Tax revenue is being redirected to bolster treatment programs. (wsj.com)
Mar 26, 2025 – Governor Proposes Unified Gaming Commission
Governor Glenn Youngkin issued a record number of vetoes in 2025 and introduced a budget proposal to create a consolidated Virginia Gaming Commission overseeing casinos, sports betting, and lotteries. (washingtonpost.com)
November 5, 2024: Voters in Richmond, Virginia, voted against a ballot measure for a proposed casino in the city by a margin of over 60% (Virginia Business, 2024)
October 27, 2024: The Virginia Lottery's October reports show an all-time high for monthly betting handle in the state ($691.1 million). (Virginia Lottery, 2024)
October 10, 2024: Betfred Sportsbook announced it will exit the Virginia market. (SBC Americas, 2024)
September 9, 2024: Spottrade gets a license to begin operations in Virginia. (Sporttrade, 2024)

Virginia Snapshot

Key Aspect	Details
Population	Approximately 8.75 million residents as of 2024. (World Population Review, 2024)
Political Affiliation	Virginia had a divided government with a Democratic governor but a Republican House and Senate. It has voted Democrat in every presidential election since 2008. (270towin.com)
Year Sports Betting Legalized	Sports betting was legalized in 2020, but online and mobile sports betting operations began for the first time in January 2021. (Virginia Department of Behavioral Health and Developmental Services, 2024)
Number of Sportsbooks Operating	There are 12 online sportsbooks: BetMGM, BetRivers, Hard Rock Bet, bet365, DraftKings, FanDuel, Caesars, Fanatics Sportsbook, Sporttrade, ESPN Bet, Bally Bet, and Betr Sportsbook.
GGR 2025 (Jan-June)	$3,292,492,097
Handle 2025 (Jan-June)	$6,925,832,328.00
Professional Sports Teams	Virginia has local NCAA teams but isn't represented professionally. Many fans support Washington D.C. teams like the Washington Commanders (NFL), Washington Wizards (NBA), Washington Capitals (NHL), Washington Nationals (MLB), Washington Mystics (WNBA), and D.C. United (MLS).

FAQs

General Information

When was sports betting permitted in Virginia?

Online sports betting was legalized in 2020, but online sportsbooks didn't accept wagers until January 21, 2021. (Virginia Department of Behavioral Health and Developmental Services, 2024)

How many sportsbooks operate in Virginia?

There are 12 online sportsbooks in the state: BetMGM, BetRivers, Hard Rock Bet, bet365, DraftKings, FanDuel, Caesars, Fanatics Sportsbook, Sporttrade, ESPN Bet, BallyBet, and Betr Sportsbook.

Trends and Insights

What are the most popular sports for wagering?

Football is the most bet-on sport driven by interest in the NFL.

What is covered on this page?

This page provides a breakdown of the Virginia sports betting market that includes handle, revenues, and operator updates, all backed by official reports. (Virginia Lottery, 2024)

Sol Fayerman-Hansen

Editor-in-Chief

Sol Fayerman-Hansen is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in Forbes, ESPN, and NFL.com, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting

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