Virginia’s February Sports Betting Hold Hits 11.12%, Marking Yearly Growth

In February 2025, Virginia’s sports betting hold reached an impressive 11.12%, marking its highest monthly percentage since September 2022. This increase in hold was accompanied by year-on-year growth in both revenue and handle within the state. Players placed a total of $556.8 million (£430.9 million/€515.6 million) in sports bets during the month, surpassing the previous year’s figures by 2.2%. However, this amount represented a 24.4% decrease compared to January of this year. Virginia

Of the total wagers, $553 million was bet online, while retail sportsbooks accounted for $3.8 million. These figures were released by the Virginia Lottery on April 1. Players collectively won $490 million from these bets, with an additional $4.9 million attributed to other undisclosed deductions.

As a result, Virginia experienced an adjusted gross revenue of $61.9 million in February, reflecting a significant increase of 39.1% compared to February 2024. However, this revenue was still 23.6% lower than January’s figures. Online betting comprised the majority of the total revenue, contributing $61.7 million, while retail betting brought in a modest $206,590. This led to a monthly hold of 11.12%, the highest since the 11.77% recorded in September 2022. Specifically, the online hold reached 11.16%, while retail hold was at 5.41%. Virginia Sports Betting

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The Virginia Lottery does not provide a detailed breakdown of operator performance; however, it does release information regarding tax revenue. In February, the state garnered $9.3 million from sports betting operations. Of this, $9.1 million was allocated to the General Fund, while $232,599 was directed to the Problem Gambling Treatment and Support Fund. A total of 14 online operators and three land-based sportsbooks were active during this month. Virginia Sports Betting