Virginia delivered its strongest sports betting revenue month of 2025 in November, as $798.9 million in wagers produced $95.3 million in Gross Gaming Revenue (GGR).

The month posted an 11.93% hold rate and generated $14.27 million in state tax revenue, according to official reporting released by the Virginia Lottery.

The November results reflect a combination of elevated wagering activity and margin expansion. Handle increased year over year, while operator efficiency reached its highest point of the year, translating directly into record monthly tax collections for the Commonwealth.

From January through October, Virginia’s sports betting market showed consistent handle volume with fluctuating revenue outcomes tied closely to hold rates. Several mid-year months delivered solid wagering totals but muted tax performance due to compressed margins.

Handle approached $800 million, while hold climbed to its highest level of the year, resulting in Virginia’s largest monthly GGR and tax contribution of 2025.