Mobile operators drive a massive $95.3M in adjusted gross revenue as handle nears $800M
Virginia’s sports betting market delivered its strongest month ever in November 2025, smashing previous revenue records and underscoring the dominance of mobile wagering across the state.
Record Revenue: $95.3 Million
The Virginia Lottery reported $95.3 million in adjusted gross sports betting revenue, the highest monthly total since the state launched legal wagering. Nearly all of it—$95.1 million—came from the state’s 14 mobile operators, while the three land‑based casinos contributed just $193,052.
Handle Approaches $800 Million
Bettors wagered $798.9 million in November, a 5% year‑over‑year increase.
- Mobile handle: $793.6M wagered, $694.6M returned to bettors
- Retail handle: $5.3M wagered, nearly $5.1M returned
The numbers reflect a 12.42% hold, one of the strongest monthly margins the state has posted.
Tax Revenue Surges to $14.3M
Virginia imposes a 15% tax on adjusted gross sports betting revenue. Ten operators reported positive AGR in November, generating $14.3 million in taxes.
Under state law:
- 97.5% ($13.9M) went to the General Fund
- 2.5% ($357,865) went to the Problem Gambling Treatment and Support Fund
A Market Still Accelerating
With mobile betting continuing to dominate and handle climbing year over year, November’s performance reinforces Virginia’s position as one of the most consistently strong and stable sports betting markets in the U.S.
