{"id":19002,"date":"2025-04-10T12:07:04","date_gmt":"2025-04-10T09:07:04","guid":{"rendered":"http:\/\/staging.igamingamerika.com\/?p=19002"},"modified":"2025-04-10T12:07:04","modified_gmt":"2025-04-10T09:07:04","slug":"virginias-february-sports-betting-hold-hits-11-12-marking-yearly-growth","status":"publish","type":"post","link":"https:\/\/igamingamerika.com\/index.php\/2025\/04\/10\/virginias-february-sports-betting-hold-hits-11-12-marking-yearly-growth\/","title":{"rendered":"Virginia&#8217;s February Sports Betting Hold Hits 11.12%, Marking Yearly Growth"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In February 2025, Virginia&#8217;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 (\u00a3430.9 million\/\u20ac515.6 million) in sports bets during the month, surpassing the previous year&#8217;s figures by 2.2%. However, this amount represented a 24.4% decrease compared to January of this year. <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-white-color\">Virginia<\/mark><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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&#8217;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%. <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-white-color\">Virginia Sports Betting<\/mark><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read also: <a href=\"http:\/\/staging.igamingamerika.com\/logifuture-expands-into-mexico-with-innovative-zoom-soccer-offering\/\" target=\"_blank\" rel=\"noreferrer noopener\">Logifuture Expands into Mexico with Innovative Zoom Soccer Offering<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-white-color\"> Virginia Sports Betting<\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In February 2025, Virginia&#8217;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 (\u00a3430.9 million\/\u20ac515.6 million) in sports bets during the month, surpassing the previous &hellip;<\/p>\n","protected":false},"author":1,"featured_media":19003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,2,157],"tags":[182],"class_list":["post-19002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-sports-betting-america-news","category-united-states-of-america-gambling-news","tag-virginia-sports-betting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Record Sports Betting Activity in Virginia<\/title>\n<meta name=\"description\" content=\"In February 2025, sports betting in Virginia hold reached an impressive 11.12%, marking its highest monthly percentage since September 2022.\" \/>\n<meta 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