Virginia sports bettors wagered more than $581.3 million in May, according to the latest monthly sports wagering activity report released by the Virginia Lottery. The figure was down 2.3% year-on-year and down from $613.9 million in April.
From May 1 to May 31, total sports betting handle reached $581,335,802, with $574,584,903 wagered through mobile sportsbooks and $6,750,899 placed at retail sportsbooks located in the state’s casinos. During the month, 11 mobile sportsbooks and three casino retail sportsbooks were authorized to accept wagers in Virginia.
Bettors received $513,697,356 in winnings, including $507,434,670 from mobile operators and $6,262,686 from retail sportsbooks, resulting in a combined operator hold of 11.64%.
No allowable bonuses or promotional deductions were reported during the month. Operators recorded $4,313,883 in other deductions, consisting of $4,265,226 from mobile operators and $48,657 from retail sportsbooks.
After accounting for winnings and deductions, Virginia sportsbooks reported $63,324,563 in adjusted gross revenue (AGR), with $62,885,007 generated by mobile operators and $439,556 from casino retail sportsbooks.
Under Virginia law, licensed sportsbooks are subject to a 15% tax on AGR, which is calculated by subtracting total winnings and other authorized deductions from total wagers.
Based on May’s wagering activity, Virginia sportsbooks generated $9,478,671.49 in tax revenue. Of that amount, $9,241,704.70 was allocated to the Commonwealth’s General Fund, while $236,966.79 was directed to the Problem Gambling Treatment and Support Fund.
State law requires that 97.5% of sports betting tax revenue be deposited into Virginia’s General Fund, with the remaining 2.5% allocated to the Problem Gambling Treatment and Support Fund.
A complete list of approved operators is available on the Virginia Lottery’s website under the “Approvals” section.
Original article: https://www.yogonet.com/international/news/2026/07/03/125226-virginia-sports-betting-handle-reaches-5813-million-in-may-down-23-from-last-year
