Virginia’s sports betting market recorded nearly $688 million in wagers in January 2026, according to the latest monthly report released by the Virginia Lottery.
January Handle and Operator Activity
Between January 1–31, 2026, Virginians wagered $687,946,666 across the state’s licensed sportsbooks. For the month, thirteen mobile operators and three retail casinos were authorized to accept bets. A full list of approved operators is available under the Lottery’s Approvals section.
Bettors won $608,405,098, producing an 11.56% operator win rate for the month.
Tax Structure and Revenue Allocation
Virginia taxes sports betting at 15% of adjusted gross revenue (AGR). AGR is defined in statute as:
- total wagers
- minus total winnings
- minus other allowable deductions
Under state law, tax revenue from sports betting AGR is distributed as follows:
- 97.5% to the General Fund
- 2.5% to the Problem Gambling Treatment and Support Fund, administered by the Virginia Department of Behavioral Health and Developmental Services
The January report continues to reflect a mature, high-volume market with stable operator performance and consistent tax contributions. How would you like this rewritten next—shorter for a newsletter, or more analytical for industry readers?
