Virginia Sportsbooks See Increased Handle in Q1; 11 Operators Report Net Positive Revenue in April

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The Virginia Lottery, responsible for overseeing sports wagering in the state, has released its latest betting report, highlighting an upward trend in wagering activity. The report reveals that Virginians placed more bets in April 2025 than in the same period last year, though the total handle was slightly lower than that of March 2025.

April Sports Betting Handle Grows

Between April 1 and April 30, 2025, Virginia’s sports betting industry recorded a total handle of $609.7 million, marking an increase from the previous year and signaling continued growth in the market.

The report further underscores the dominance of mobile sports betting, with $603.7 million wagered through online sportsbooks, while retail locations accounted for just $6 million.

Player Winnings & Operator Hold Rates

Virginia bettors won back a total of $546.9 million in April, with retail sportsbook players faring slightly better, claiming $6.4 million—exceeding the total amount wagered at brick-and-mortar locations. Meanwhile, mobile sportsbook users took home $540.5 million in winnings.

The operator hold percentage stood at 10.30%, with adjusted gross revenue (AGR) across all sportsbooks totaling $56.1 million. Mobile sportsbooks reported $56.6 million in AGR, while casino retail sportsbooks recorded a loss of $473,390, largely due to the high customer win rate.

Virginia Sportsbooks Contribute $8.5M in Taxes

Under Virginia’s sports betting regulations, 97.5% of sportsbook tax revenue is allocated to the state’s General Fund, while the remaining portion supports the Problem Gambling Treatment and Support Fund, managed by the Virginia Department of Behavioral Health.

For April 2025, 11 sportsbook operators reported net positive AGR, resulting in $8.5 million in tax payments. Of this amount, $8.3 million was directed to the General Fund, while $212,945 was allocated to the Problem Gambling Treatment and Support Fund.

Virginia’s sports betting industry continues to show robust growth, with strong mobile engagement and sustained revenue contributions to the state.

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