Virginia Sports Betting Sees Double-Digit Growth in June

Virginia’s sports betting market posted strong year-on-year growth in June, with both handle and revenue rising sharply compared to 2024, according to new data from the Virginia Lottery. The gains also delivered a notable boost to the state’s tax revenue.

Bettors placed $477.8 million in wagers during June, a 15% increase from the same month last year. The figure, however, was 19.7% lower than May’s $595 million, reflecting a typical summer slowdown when major sports leagues have lighter schedules. Online wagering accounted for $472.8 million of the total, with retail sportsbooks inside casinos contributing $5.1 million.

 

Metric	June 2025	Change vs. June 2024	Change vs. May 2025
Handle	$477.8M	+15%	-19.7%
Adjusted Gross Revenue	$57.1M	+41%	-15.9%
Hold Rate	11.95%	—	—
State Tax Revenue	$8.7M	+40%	—

 

Players collected $417.1 million in winnings, while $3.7 million in deductions reduced taxable revenue. This left the market with an adjusted gross revenue (AGR) of $57.1 million, up 41% from June 2024 but 15.9% below the previous month. Online operators generated nearly all of that figure — $57.4 million — while retail betting reported a loss of $327,616, pulling down the statewide total. The month’s hold rate stood at 11.95%.

 

Virginia’s sports betting market continues to show strong annual growth, even as summer’s lighter sports calendar brings a predictable monthly slowdown.

 

Outlook

Tax receipts mirrored the growth in revenue. Sports betting generated $8.7 million in state taxes, up from $6.2 million in June 2024. Of that, $8.5 million went to the General Fund Allocation, which supports public programs, while $216,860 was directed to the Problem Gambling Treatment and Support Fund.

Virginia had 14 licensed online operators and three retail sportsbooks active during the month. While June’s figures show a predictable dip from May, the year-on-year growth points to sustained expansion in the state’s regulated sports betting industry.