Emails chronicle ex-Trump adviser's efforts to overturn 2020 election results
In June 2025, Virginia's sports betting market experienced a significant surge, with a total handle of $477.8 million, marking a 15% year-over-year increase [1][2][3]. This growth trend has been sustained since the beginning of the year, with year-to-date wagering showing an 11% growth compared to 2024, totaling over $3.6 billion in bets.
The revenue and taxation figures for June 2025 are equally impressive. The Adjusted Gross Revenue (AGR) for sportsbooks was $57.1 million, showing a 33.4% increase from June 2024 [1][2]. This revenue generated approximately $8.7 million in state tax income for Virginia, contributing to over $54 million collected for the year so far [1][2].
The sportsbook hold rate, or the percentage of wagered money retained after payouts, was 12.7% in June, the highest in three years for Virginia, indicating strong profitability for operators [1][2]. However, it's worth noting that the hold rate was 15.9% lower than the previous month.
Virginia currently has 14 active licensed online operators and three active retail sportsbooks [2]. Mobile sports betting dominates the market, with approximately $472.7 million of the total handle placed via mobile platforms, while retail sportsbooks accounted for just $5 million in June [2].
Despite a predictable dip from May, the sports betting market in Virginia showed sustained expansion year-on-year in June 2025. Players collected $417.1 million in winnings in June 2025, while deductions reduced taxable revenue by $3.7 million. Interestingly, retail betting reported a loss of $327,616 in June 2025, while $8.5 million of the state tax revenue was allocated to the General Fund Allocation, supporting public programs [1][2].
It's important to note that $216,860 of the state tax revenue in June 2025 was directed to the Problem Gambling Treatment and Support Fund [1]. The strong growth and revenue generation from the sports betting market are significant contributions to Virginia's state budget.
In conclusion, Virginia's sports betting market is thriving, driven by mobile betting, solid operator performance, and significant tax contributions to the state budget. The market features about a dozen active licensed mobile sportsbooks alongside several retail casinos supporting the regulated ecosystem [1][2][3].
[1] Source: Virginia Lottery [2] Source: Sports Handle [3] Source: The Washington Post
Players can find various sports betting options and online casinos, including poker, in Virginia's thriving sports-betting market, which has seen a surge in mobile betting and a substantial increase in year-over-year growth. The strong revenue and taxation figures indicate a profitable ecosystem for sportsbook operators, contributing significantly to Virginia's state budget.
