Virginia sports betting revenue up 2% in February

Sports Betting

Virginia sports betting took an expected dip in February, as the commonwealth’s sportsbooks reported a handle that fell by 24.4% from January.

In all, bettors wagered $556,836,877 during the month, according to figures released by the Virginia Lottery on April 1. That was down from the $736,667,692 in action placed during January in a month-over-month comparison. The February handle was also up 2.2% from the February 2024 total of $545,068,429.

Mobile sports wagering apps accounted for nearly all the betting traffic, with the 14 approved operators taking $553,017,829, or 99.3%, of the wagers. That was a 24.3% decline from the $730,489,687 in action they accepted in January, but it was 2.8% better than the online handle of $540,138,289 from a year earlier.

Revenue slipped by a similar margin, indicating sportsbooks enjoyed a strong month against bettors. Operators reported adjusted gross revenues of $61,911,473 for the second month of 2025, a drop of 23.6% from the $80,999,847 in the previous month. For a year-over-year perspective, operators enjoyed 39.3% increase from the $44,454,518 they won in February 2024.

Again, mobile wagering accounted for nearly all the revenue as the apps received $61,704,883, down 23% from January’s $80,169,746 and up 39.7% from the $44,164,970 reported a year ago.

State tax revenue fell 23.3%, from $12,137,426 in January to $9,303,968 in February. But February’s figure was 46.7% higher than the $6,342,927 Virginia received 12 months earlier.

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