Virginia sports betting handle increases 17.7% to $595m in May 2025
Bettors throughout the state won a total of $522.6m, equating to a win percentage, or hold, of nearly 12.2% for operators in May.
Key Points
- Mobile operators reported a handle of $589.9m throughout the monthly period, as well as an AGR of $67.4m
- In total, operators generated an AGR of over $67.9m in May 2025, representing an increase of 25.9% year-over-year
The Virginia Lottery has released the state’s sports wagering activity for May 2025, including a total handle of just over $595m, equating to an increase of 17.7% from the prior year period, while operators reported a hold of 12.2% throughout the month.
Eligible bettors in Virginia won a total of $522.6m in May 2025, as mobile and land-based operators combined to generate an adjusted gross revenue (AGR) of $67.9m, representing growth of 25.9% year-over-year.
Mobile operators produced a significant portion of the May 2025 sports betting handle, reporting nearly $589.9m of wagers and an AGR of $67.4m, equating to increases of 17.7% and 25.9% from the prior year period.
Retail sportsbooks located within Virginia casinos generated a handle of close to $5.2m throughout May 2025, while the gaming type’s AGR was reported to be just $467,259 for the period. The state places a 15% tax on sports betting activity based on each permit holder’s AGR.
Good to know: Aristocrat Interactive and Inspired Entertainment partnered with NeoPollard Interactive to launch its virtual sports iLottery games with the Virginia Lottery on June 27
Virginia regulations specify 97.5% of taxed AGR is shared with the state’s General Fund and 2.5% is deposited into the Problem Gambling Treatment and Support Fund, administered by the Virginia Department of Behavioral Health and Developmental Services.
In May, total taxes for sports betting revenue was reported to be nearly $10.2m, of which $9.9m was distributed to the General Fund Allocation. According to the Virginia Lottery, 13 operators reported net positive AGR throughout the period.
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