Virginia’s Sports Betting Revenue Soars in January – Market Growth Continues

Virginia’s sports betting industry kicked off 2025 with a record-breaking January, seeing adjusted gross revenue (AGR) skyrocket to $81 million. This marks an 84.5% increase from December and a 20% year-over-year rise, according to the latest figures from the Virginia Lottery.

Despite a stable betting handle—the total amount wagered—revenue surged, driven by less favorable outcomes for bettors compared to December’s player-friendly results. This impressive rebound highlights the resilience of Virginia’s online sports betting sector and reinforces its growing status as one of the most lucrative betting markets in the U.S.

Online Betting Dominates Virginia’s Market

Virginia’s sports betting market remains overwhelmingly digital. Online platforms generated $80.2 million in AGR, accounting for nearly 99% of total revenue, while retail sportsbooks contributed just $830,102.

This vast gap underscores the dominance of mobile betting, despite Virginia’s continued expansion of physical sportsbooks. Players wagered $730.5 million online, compared to just $6.2 million at retail locations, reinforcing the industry-wide trend toward mobile-first sports betting experiences.

Sports Betting Handle Sees Continued Growth

In January, Virginia’s total betting handle hit $736.7 million, a 12.8% increase compared to January 2024. While month-over-month growth was modest at just 1% from December, this steady increase signals the state’s long-term market expansion.

Virginia’s betting handle growth mirrors national trends, as more states legalize online wagering and competition drives more diverse betting options and enhanced user experiences. This stable growth lays a strong foundation for the state’s continued success in the highly competitive U.S. betting market.

Tax Revenue Boosts State Investments

Virginia’s surging sports betting revenue also delivered significant tax contributions. The state collected $12.1 million in taxes from sports betting activity in January.

• $11.8 million was allocated to the Virginia General Fund, supporting various state-funded initiatives.
• $303,436 was directed to the Problem Gambling Treatment and Support Fund, reinforcing Virginia’s commitment to responsible gaming.

With 14 licensed online operators and three retail sportsbooks, Virginia has successfully integrated sports betting into its economy. Though individual operator performance remains undisclosed, the competitive digital market continues to drive engagement and revenue growth.

January’s Revenue Rebound After December’s Customer Wins

The Virginia Lottery’s latest report highlights how January’s revenue spike followed an unusually bettor-friendly December, when favorable sports results cut into sportsbook profits.

In January, sportsbooks held 10.99% of total wagers, aligning with industry averages and returning the market to expected profit margins. This suggests a more balanced month for operators, ensuring long-term financial stability in Virginia’s sports betting sector.

What’s Next for Virginia’s Sports Betting Market?

With Virginia’s sports betting industry on a steady upward trajectory, the state remains a key player in the U.S. sports wagering market.

As new operators enter the space and mobile betting technology advances, the market is expected to expand even further throughout 2025 and beyond.

In the coming months, industry stakeholders will be watching closely to track shifts in player behavior, emerging betting trends, and regulatory updates. But for now, Virginia’s strong start to the year signals continued momentum for one of the nation’s fastest-growing betting markets.

Stay tuned to CasinoDaddy for the latest updates on Virginia’s evolving sports betting landscape.