Sports betting handle in Virginia reached its second-highest monthly total in the history of the state’s regulated market in September, while revenue hit a four-month high.
Customers spent $737.2 million betting on sports in September, the Virginia Lottery reported. This was 18.4% more than the same month last year and 44.5% ahead of August this year. Only November 2024 drew more wagers at $761 million.
Of the total handle, $731.5 million was bet online and $5.6 million at retail sportsbooks.
Revenue dips year-on-year in Virginia
Players received back $667.4 million from sports betting while the Virginia Lottery accounted for $5.3 million in undisclosed other dedications.
This resulted in $64.5 million in adjusted gross revenue, marginally lower than the $65.9 million in September 2024 but 10.6% more than this August. Online betting generated $63.6 million of this total, with retail’s share at $891,650.
The sportsbooks’ combined monthly hold stood at 8.75%. This was lower than August’s 11.43% hold and the 11.5% hold in the prior September.
As for tax, some $9.7 million was drawn from sports betting during the month. Of this, $9.4 million went to the General Fund Allocation, while the remaining $241,716 was sent to the Problem Gambling Treatment and Support Fund Allocation.
The Virginia Lottery does not publish a breakdown of individual operators. Some 14 mobile operators and three casinos were active in September.
Sportsbook customers wagered $737.2 million on sports in Virginia in September.