Virginia Sports Betting Revenue Surges to $595M in May 2025, Up 17.7% Year-Over-Year
Virginia’s sports betting industry experienced significant growth in May 2025, with the total wagering handle reaching just over $595 million. This marked a 17.7% increase compared to the same period last year, highlighting the market’s expanding popularity. revenue
Mobile betting was the dominant force, accounting for nearly $590 million of wagers and generating an adjusted gross revenue (AGR) of approximately $67.4 million. Overall, operators in the state earned more than $67.9 million in AGR during May, reflecting a robust year-over-year growth of 25.9%.
Bettors across Virginia also saw sizable wins, with a total of $522.6 million paid out in winnings during the month. The sportsbooks maintained a healthy hold percentage of 12.2%, indicating favorable margins for operators. Retail sportsbooks located within Virginia casinos contributed a smaller portion to the handle, reporting about $5.2 million in wagers, with an AGR of roughly $467,259. While retail betting remains a smaller segment, it continues to be an integral part of the state’s overall sports betting landscape.
Virginia’s regulatory framework includes a 15% tax on the AGR, and in May, the state collected nearly $10.2 million in taxes from betting activity. The majority of this—around $9.9 million—was allocated to the General Fund, supporting various state programs and initiatives. A small portion, 2.5%, is dedicated to the Problem Gambling Treatment and Support Fund, managed by the Virginia Department of Behavioral Health and Developmental Services, emphasizing the state’s commitment to responsible gaming.
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In addition to traditional sports betting, the state saw exciting new developments in virtual gaming. Aristocrat Interactive and Inspired Entertainment partnered with NeoPollard Interactive to launch virtual sports and iLottery games in Virginia on June 27, expanding gaming options for players and broadening the industry’s footprint.
Virginia’s regulatory environment ensures transparency and responsible gaming practices. Most of the taxed revenue—97.5%—goes directly into the state’s General Fund, while the remaining 2.5% supports mental health and problem gambling services. Overall, the growth in sports betting handle, revenue, and innovative offerings points to a promising future for Virginia’s gaming industry, with strong momentum and increasing consumer engagement. Virginia’s Sports Betting Revenue
