Sports betting revenue and handle in Virginia both increased year-on-year in June, providing a boost to tax income in the state.
Player spending on sports betting during the month amounted to $477.8 million, according to the Virginia Lottery. This was 15% ahead of June 2024 but 19.7% behind the $595 million wagered in May this year.
Some $472.8 million of this came from online betting, while retail sportsbooks drew the remaining $5.1 million.
Players received back $417.1 million while $3.7 million worth of undisclosed deductions was taken off the total. This resulted in $57.1 million in adjusted gross revenue, up 41% year-on-year but 15.9% less than May this year.
Online betting generated $57.4 million of total revenue. However, the overall market figure was lower due to a $327,616 loss from retail wagering.
As such, Virginia was left with a monthly hold of 11.95%.
Betting tax tops $8.7 million in Virginia
In terms of tax, regulated sports betting generated $8.7 million in taxes for the state. This was ahead of $6.2 million in the same month last year.
Some $8.5 million went to the General Fund Allocation, while the remaining $216,860 was sent to the Problem Gambling Treatment and Support Fund Allocation.
In total, 14 licensed online operators were active in Virginia in June, in addition to three retail sportsbooks inside land-based casinos.
Virginia reported double-digit growth across both handle and revenue in June.