Virginia sports betting handle reaches $689.7m for March 2025
While the figure for betting handle represents an 8.5% increase year-over-year, AGR for sports betting operators also grew by 6.2% from the prior year period to just under $45.1m.
Key Points
- Mobile operators generated an AGR of nearly $44.4m throughout March 2025, while casino retail activity amounted to an AGR of $692.3k
- The total tax collected by the Virginia Lottery for March 2025 was reported to be $6.8m, of which $6.6m was allocated to the state’s General Fund
The Virginia Lottery has released the state’s sports betting activity throughout the month of March 2025, including an increase in wagering handle of 8.5% year-over-year for a total of $689.7m.
The month of March typically sees sporting events such as the March Madness college basketball tournament and the start of the Major League Baseball (MLB) season. Along with the increase in total handle, the Virginia Lottery also reported adjusted gross revenue (AGR) for operators to be just under $45.1m, representing an increase of 6.2% year-over-year.
Mobile operators took home the vast majority of AGR during the period, reporting $44.4m while retail casino activity managed to generate the remaining $692.3k of March 2025 revenue.
State law places a 15% tax on sports betting activity based on each permit holder’s AGR for the period, 97.5% of which is to be deposited in the General Fund while 2.5% is shared with the Problem Gambling Treatment and Support Fund.
Good to know: The Virginia Lottery released the state’s casino revenue during March 2025 from the three properties which report to the organization on April 15, as revenue increased by 30.9% year-over-year for a total of nearly $85.2m
Throughout March 2025, operator’s AGR resulted in a tax contribution of nearly $6.8m, with $6.6m of the total contribution allocated to the General Fund, while the additional $168.9k was sent to the Problem Gambling Treatment and Support Fund.
March 2022
March 2023
March 2024
March 2025
Virginia bettors also won a reported total of $639m in wagers during the period, representing a hold percentage of 7.35% for all operators allowed to conduct business within Virginia.
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