Key Moments:
- Virginia sportsbooks reported $64.5 million in adjusted gross revenue in September 2025, a 2.1% decrease year-over-year
- Total betting handle reached $737.2 million, up 18.5% from September of the previous year
- Operators contributed $9.4 million to the General Fund and $241,700 for problem gambling initiatives
September 2025 Figures: Revenue Falls While Bets Surge
The latest report from the Virginia Lottery revealed that, despite achieving a record-high handle of $737.2 million in September 2025, sportsbooks in the state experienced a 2.1% decline in adjusted gross revenue (AGR) compared to the prior year. The overall AGR amounted to $64.5 million.
The surge in wagering activity is likely tied to the start of the new NFL season, which traditionally drives higher betting volumes.
Online Dominance and Retail Growth
Online wagering continued to account for the bulk of the market, representing $63.6 million in AGR, though this was down 2.6% year-over-year. Conversely, retail sportsbooks captured $891,650 in AGR, reflecting a notable increase of 55.9%.
Mobile operators processed a total handle of $731.5 million, marking an 18.3% rise from the previous September. Retail operations reported $5.6 million in handle, up 50.8% year-over-year. Bettors across the state won a collective $667.4 million, which resulted in a combined operator win rate of 9.46%.
| Category | Value | Year-Over-Year Change |
|---|---|---|
| Adjusted Gross Revenue (Total) | $64.5 million | -2.1% |
| Total Handle | $737.2 million | +18.5% |
| Online AGR | $63.6 million | -2.6% |
| Retail AGR | $891,650 | +55.9% |
| Mobile Handle | $731.5 million | +18.3% |
| Retail Handle | $5.6 million | +50.8% |
| Bettors’ Winnings | $667.4 million | N/A |
| Operator Win Rate | 9.46% | N/A |
Tax Revenue and Market Participants
Virginia sportsbook operators contributed $9.4 million from their earnings to the state’s General Fund. Additionally, $241,700 was allocated to programs focused on problem gambling treatment and support, administered by the Department of Behavioral Health and Developmental Services.
During September, the Virginia market included 14 mobile operators and three retail casinos, all subject to a 15% tax rate on their AGR.
- Author
Daniel Williams
