Virginia Sees Annual Betting Climb Despite July Dip
The Virginia Lottery has published its July sports wagering results, revealing a continued trend of yearly increases but monthly declines.
LISTEN TO THIS ARTICLE:In the month, the state sportsbooks recorded a handle of $377.6million, a 28.6% increase year-on-year. However, the total dropped by 9.1% from June’s $377.6 million.
Operators also reported a hold of over 11.9% in July, making it the fourth consecutive month of double-digit hold in the state.
Furthermore, adjusted gross revenue (AGR) reached $40.3 million in July, a notable increase from the $28.2 million generated in the same month in 2023. However, the figure dipped slightly from $40.5 million in June, when the hold percentage peaked at 10.95%.
Of the total AGR, mobile operators earned $40.2 million, while retail locations accounted for more than $0.2 million. The Virginia Lottery calculates AGR by deducting player winnings, bonuses, promotions, and other specified deductions from the total monthly player wagers. In this case, players collected $331.3 million in winnings.
More Finance
Finance
Karl Jacobson Pleads Not Guilty as Embezzlement Case Highlights Gambling Losses
Apr 21, 2026
10 Operators See Positive Results
Although the regulator does not disclose individual sportsbooks or sport-specific data, its latest report revealed that 10 operators achieved a positive AGR for the month. Virginia’s sports betting market features several major betting brands, including FanDuel, DraftKings, ESPN Bet, BetMGM, Caesars Sportsbook and Fanatic Sportsbook.
Virginia levies a 15% tax rate on monthly sports betting revenues operators generate in its jurisdiction. Based on this, the Old Dominion State received $6.1 million in sports betting tax proceeds in July. The bulk of it, nearly $5.9 million, was allocated to the state’s general fund, while the remaining balance was channeled into the problem gambling and treatment fund.
RELATED TOPICS: Finance
Review this New Post
Leave a Comment
User Comments
Comments for Virginia Sees Annual Betting Climb Despite July Dip