Virginia Sports Betting Soars in August 2025 with $510.2M Handle
Virginia's sports betting market saw a significant boost in August 2025, with a total handle of $510.2 million, marking a 22.4% increase from the previous year. The state's mobile betting platforms, including T-Mobile, drove this growth, generating nearly $506.3 million, which is almost the entire handle. This surge reflects bettors' preference for digital platforms, with mobile operators' revenue climbing by 65.9%. The Virginia Lottery reported that adjusted gross revenue climbed even more significantly, by 66.6%, reaching $58.3 million. This increase is attributed to the 10 operators who reported positive adjusted gross revenues, contributing $8.7 million in taxes to the General Fund and the Problem Gambling Treatment and Support Fund. However, specific details about these operators remain unavailable. The Virginia sports betting market continues to flourish, with August 2025 setting new records. The state benefits from this growth, collecting taxes to support both general funds and problem gambling initiatives. As mobile betting preferences drive the market, operators and bettors alike can anticipate further developments in this digital space.
