Virginia Betting Revenue & Handle Tracker: October 2026 Betting Market Handle
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In March 2020, the Virginia General Assembly and Senate passed SB 384 and HB 896, which brought legal sports betting to the Old Dominion.
Gov. Ralph Northam relaid amended versions of the two bills to lawmakers, who then approved them in a reconvened session on April 22, 2020 that authorized sports betting in Virginia. The state's first online sportsbooks arrived on Jan. 21, 2021.
Currently, there are 12 legal sports betting sites active in the Old Dominion.
Virginia sports betting revenue
Virginia sports betting began in January 2021 with online betting. The Old Dominion State generated $7.65 billion in total sports betting handle in 2025.
Below is an outline of Virginia's betting figures over the years:
Virginia annual data
| Year 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| 2026 | $4,826,540,000 | $506,062,000 | 10.4% |
| 2025 | $7,655,729,000 | $842,970,000 | 11.1% |
| 2024 | $6,925,832,328 | $684,952,275 | 9.9% |
| 2023 | $5,590,022,862 | $560,201,501 | 10% |
| 2022 | $4,914,954,449 | $481,245,370 | 9.80% |
Virginia 2026 monthly data
| Month📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $683,941,000 | $79,191,000 | 11.5% |
| Feb | $571,558,000 | $56,705,000 | 9.9% |
| Mar | $666,405,000 | $63,477,000 | 9.5% |
| Apr | $608,532,000 | $70,038,000 | 11.5% |
| May | $574,858,000 | $67,423,000 | 11.7% |
| June | $585,997,000 | $59,617,000 | 10.1% |
| July | $606,341,000 | $59,080,000 | 9.7% |
| Aug | $528,908,000 | $50,531,000 | 9.5% |
Virginia 2025 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $736,667,692 | $87,381,242 | 11.9% |
| Feb | $556,836,877 | $66,806,615 | 12.0% |
| Mar | $689,665,044 | $50,678,283 | 7.3% |
| Apr | $609,713,988 | $62,793,223 | 10.3% |
| May | $595,041,428 | $72,401,035 | 12.2% |
| June | $477,848,533 | $60,757,217 | 12.7% |
| July | $429,272,340 | $49,425,274 | 11.5% |
| Aug | $506,279,000 | $61,922,000 | 12.2% |
| Sept | $731,541,000 | $68,805,000 | 9.4% |
| Oct | $824,007,000 | $79,752,000 | 9.6% |
| Nov | $793,572,000 | $98,982,000 | 12.4% |
| Dec | $705,285,000 | $83,267,000 | 11.8% |
Virginia 2024 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $652,879,750 | $74,337,290 | 11.4% |
| Feb | $545,068,429 | $50,040,797 | 9.2% |
| Mar | $635,593,137 | $47,694,659 | 7.5% |
| Apr | $563,495,540 | $60,594,585 | 10.8% |
| May | $505,594,450 | $59,966,999 | 11.9% |
| June | $415,360,427 | $45,490,749 | 11.0% |
| July | $377,641,472 | $44,966,093 | 11.9% |
| Aug | $416,689,217 | $40,143,867 | 9.6% |
| Sept | $622,060,604 | $71,538,700 | 11.5% |
| Oct | $696,103,392 | $54,273,253 | 7.8% |
| Nov | $760,965,450 | $86,351,240 | 11.3% |
| Dec | $734,380,460 | $49,554,043 | 6.7% |
Virginia 2023 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $513,154,592 | $49,721,327 | 9.7% |
| Feb | $433,807,108 | $39,766,908 | 9.2% |
| Mar | $511,614,541 | $55,258,910 | 10.8% |
| Apr | $425,982,859 | $45,121,878 | 10.6% |
| May | $403,719,160 | $48,144,550 | 11.9% |
| June | $325,455,052 | $32,668,024 | 10.0% |
| July | $293,611,789 | $32,471,396 | 11.1% |
| Aug | $319,005,942 | $32,359,888 | 10.1% |
| Sept | $520,304,187 | $54,081,414 | 10.4% |
| Oct | $571,354,817 | $63,996,952 | 11.2% |
| Nov | $638,831,057 | $43,003,244 | 6.7% |
| Dec | $633,181,758 | $63,607,010 | 10.0% |
Virginia 2022 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $485,544,417 | $39,050,067 | 8.00% |
| Feb | $401,889,135 | $27,508,998 | 6.80% |
| Mar | $469,484,017 | $33,700,016 | 7.20% |
| Apr | $399,478,366 | $36,275,264 | 9.10% |
| May | $351,452,931 | $42,537,524 | 12.10% |
| Jun | $295,235,271 | $25,965,182 | 8.80% |
| Jul | $266,001,583 | $26,024,408 | 9.80% |
| Aug | $284,671,331 | $36,978,897 | 13.00% |
| Sep | $411,273,323 | $53,822,282 | 13.10% |
| Oct | $528,029,938 | $51,164,199 | 9.70% |
| Nov | $518,818,987 | $57,531,255 | 11.10% |
| Dec | $503,075,150 | $50,687,278 | 10.10% |
Virginia betting at a glance
- Launch date: January 2021
- Regulator: Virginia Lottery
- Latest reported month: September 2025
- Lifetime handle: $25,995,009,811
- Lifetime revenue: $2,595,146,020
- Last updated: December 24, 2025
Note: Virginia sports betting revenue is reported on a monthly basis. Figures reflect combined online and retail wagering unless otherwise specified by the regulator.
About betting revenue in Virginia
Virginia legalized betting in April 2020, with online and mobile wagering launching in January 2021 under the oversight of the Virginia Lottery.
The state’s sports betting market is built entirely around online and mobile platforms, with no retail sportsbooks permitted. Licenses are issued to approved operators that meet state regulatory requirements, resulting in a competitive but fully digital wagering environment.
The Virginia Lottery publishes monthly sports wagering reports detailing statewide handle, gross gaming revenue, and tax collections. These reports focus exclusively on mobile betting activity and serve as the primary source for tracking market performance over time.
Because Virginia operates without casinos, racetracks, or retail sportsbooks tied to sports betting, its market performance is best evaluated through the lens of mobile adoption and operator competition rather than comparisons to states with physical betting infrastructure.
How to read revenue numbers
- Handle represents the total amount wagered by bettors during the month.
- Revenue reflects sportsbook winnings after payouts, before expenses.
- Hold is calculated as revenue divided by handle, expressed as a percentage.
Monthly revenue can fluctuate significantly due to seasonality, betting mix, and the outcomes of major sporting events.
Virginia sports teams to bet on
Despite not having a professional team, Virginia is a huge interest market for the major sports leagues. It’s no surprise that sports bettors have come out in full force since Virginia sports betting was legalized in January 2021.
But like all gamblers, it’s vital that Virginia bettors be cautious when placing wagers on their favorite clubs in any major sports leagues. Our how to bet guides are a handy resource for new bettors. Sports betting has no allegiances, so be sure to remain neutral and read the odds carefully.
Virginia betting law
Virginia betting law calls for up to 19 online sports betting operators and sportsbooks in five land-based casinos.
Here's a snapshot of the current state of legal Virginia betting:
- The Virginia Lottery regulates all online and retail wagering.
- You must be 21 or older to bet on sports in VA.
- 12 legal online sportsbooks do business in Virginia.
- Land-based and online sportsbooks are taxed at 15% of gross gaming revenue.
- Betting on in-state college sports, the NFL Draft, politics, and celebrity awards shows is illegal in VA.
- esports wagering is legal in Virginia, provided the majority of participants are 21 or older.
Covers and credibility
We have had our finger on the pulse of the sports betting industry for more than 25 years. The sports betting revenue figures and statistics found here have been personally reviewed, verified, and fact-checked to ensure their validity.
News outlets turn to Covers for our earned reputation as a trusted and authoritative source of sports betting information. These are among the notable publications and media outlets that have referenced Covers.com and our industry experts.
More industry resources
As states continue to authorize legal sports betting — now 38 states plus DC, consult these informational websites for additional information on the sports betting industry:
- American Gaming Association (AGA): Organization dedicated to advancing the gambling industry's interests by promoting, educating, and advocating for responsible gambling.
- Professional and Amateur Sports Protection Act (PASPA): Supreme Court of the United States ruling.
- National Council on Problem Gambling: Those seeking help for a gambling problem can call 1-800-GAMBLER toll-free, 24/7.
Related betting revenue coverage
U.S. Sports Betting Revenue Tracker
Monthly Sports Betting Revenue by State: Arizona | Arkansas | Colorado | Connecticut | DC | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Missouri | Nevada | New Hampshire | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Rhode Island | Tennessee | Vermont | Virginia | West Virginia | Wyoming
Betting revenue tracker FAQ
Which sports generate the most sports betting revenue?
The sports that generate the most sports betting revenue can vary depending on factors such as the sport's popularity, the betting market's size, and the timing and frequency of significant events. Football stands as the most popular sport for betting in the United States, with the NFL generating the highest revenue. The Super Bowl alone is one of the world's most-watched and bet-on sporting events. Basketball is also a popular sport for betting, particularly in the United States where the NBA lays claim to the top basketball league in the world.
How does sports betting revenue compare to other industries?
Sports betting revenue varies greatly depending on the region, market, and size of the industry. However, in many jurisdictions, sports betting can generate significant revenue and contribute to the overall economy. Compared to other industries, sports betting revenue may not be as significant. For example, in 2020, the global video game industry was estimated to generate over $159 billion in revenue. Meanwhile, the global film industry was estimated to generate over $100 billion in revenue in 2020.
What are the factors that affect sports betting revenue?
The popularity of select sports events cannot be overlooked, with the Super Bowl and World Cup among the largest betting events in the globe. Betting odds and lines also greatly impact the amount of revenue generated by sports betting. Other factors include technological advancements, including the live streaming of events.
What is the future of sports betting revenue?
The future of sports betting revenue hinges on additional markets legalizing sports betting, via mobile betting, land-based, or a combination of both. An uptick in legal U.S. markets will trigger increased revenues, while new bet trends including same game parlays and in-game wagering, unlocks more opportunities for customers.
How has online sports betting impacted sports betting revenue?
Online sports betting has significantly impacted sports betting revenue, notably in states where it is legal and regulated. The rise of online sports betting has facilitated the customer experience, allowing people to place bets remotely or in-person from the event itself, leading to increased revenue for sportsbooks. Betting site operators can also reach a much larger audience and customer-base. Overall customer convenience plays a large part in driving up sports betting revenue.
What is the difference between gross revenue and net revenue in sports betting?
Gross revenue represents the total amount of money a sportsbook takes in from all customer bets, and it includes the total value of all bets placed, regardless of whether the bets won or lost. In other words, gross revenue is the total amount of money a sportsbook earns from its customers. Net revenue, conversely, is the amount of money a sportsbook earns after deducting all its operating expenses. This includes things like salaries, rent, marketing expenses, and other costs associated with running the sportsbook. Net revenue is the profit a sportsbook makes from its operations.
What impact do major sports events like the Super Bowl have on sports betting revenue?
Major sports events including the Super Bowl and World Cup have a significant impact on sports betting revenue. These events garner a lot of attention from fans, which leads to increased betting activity and higher revenue for sportsbooks. The Super Bowl alone is the largest single-day betting event on the sporting calendar, which generates millions of dollars in revenue for sportsbooks.
