Virginia’s Monthly Sports Betting Revenue Hits New All-Time-High

The Virginia Lottery, which, among other things, oversees sports betting in the Old Dominion, has published its latest report regarding the wagering industry’s performance. The report covers the month of November (2025) and highlights a record-breaking revenue figure for the month.

Sportsbooks Reported $95.3M in Revenue

As mentioned, Virginia’s adjusted gross sports betting revenue for the month reached $95.3 million, which sets a new monthly record for the state. The report also shows that most of this came from the state’s mobile betting sector. For context, Virginia’s fourteen legal mobile sports betting operators reported revenue of $95.1 million for the month. In the meantime, $193,052 of the total revenue figure came from the three land-based casinos that are allowed to accept wagers.

Official data also shows that the gross sports gaming revenues (handle) reached $798.9 million for November, making a 5% increase year-on-year. Mobile sports bettors wagered a total of $793.6 million and won back $694.6 million. Bettors at the Old Dominion’s three land-based casinos that are allowed to accept wagers, on the other hand, bet $5.3 million and won back almost $5.1 million.

These figures suggest a hold percentage of 12.42% for the period from November 1 to November 30.

Operators Paid $14.3M in Taxes

The Virginia Lottery added that state law places a 15% tax on licensed sports betting revenue in the state. Of the state’s fourteen mobile sports betting operators and three casinos, ten operators reported net positive adjusted gross sports betting revenues for the month. As a result, these companies paid $14.3 million in monthly taxes.

Under the local law, 97.5% of all betting taxes are deposited into Virginia’s General Fund, with the remainder going into the Problem Gambling Treatment and Support Fund. The former fund thus received $13.9 million in taxes in November. The Problem Gambling Treatment and Support Fund, meanwhile, received $357,865.