Alongside the increased handle, the Virginia Lottery also reported a rise in adjusted gross revenue (AGR) for sports betting operators. AGR for March 2025 came in just under $45.1 million, marking a 6.2% increase year-over-year. The majority of this revenue was generated by mobile operators, who reported \$44.4 million in AGR. Retail casino sports betting contributed the remaining $692,300 to the total revenue for the month.

Under Virginia state law, a 15% tax is levied on sports betting activity based on each permit holder’s adjusted gross revenue. Of this tax revenue, 97.5% is directed to the state’s General Fund, while the remaining 2.5% is allocated to the Problem Gambling Treatment and Support Fund. For March 2025, the operators’ AGR resulted in a total tax contribution of nearly $6.8 million. This included approximately $6.6 million deposited into the General Fund and an additional $168,900 sent to the Problem Gambling Treatment and Support Fund.

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Furthermore, the Virginia Lottery also released data on the state’s casino revenue for March 2025 from the three properties that report to the organization. This separate report, released on April 15th, indicated a substantial increase in casino revenue, which rose by 30.9% year-over-year to reach nearly $85.2 million. In terms of sports betting pay-outs, Virginia bettors won a reported total of $639 million in wagers during March 2025. This resulted in a hold percentage of 7.35% for all operators licensed to conduct business within the state.

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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

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