Virginia sports betting revenue and handle dip to 11-month low in July
Summary
Sports betting revenue and handle in Virginia both slipped to 11-month lows in July, though the state still posted year-on-year growth. Adjusted gross betting revenue was $45.6 million in July, down 20.1% from June but up 12.9% on July last year. Online wagering made up $45.1m of that total; retail contributed $522,452.
Monthly handle came to $429.3 million (10.2% below June but 13.7% higher year-on-year). Online spend was $427.2m and retail spend $2.1m, producing a monthly hold of 10.62%. Players were paid $379.8m in winnings, with $3.9m listed as other deductions. Tax receipts from sports betting totalled $6.8m. The market included 14 licensed online operators in June and three retail sportsbooks.
Key Points
- Adjusted gross betting revenue: $45.6m in July (lowest monthly total since Aug 2024; -20.1% vs June; +12.9% YoY).
- Online wagering dominates: $45.1m online revenue vs $522,452 at retail.
- Handle: $429.3m total; $427.2m online and $2.1m retail; monthly hold of 10.62%.
- Players received $379.8m in winnings; other deductions $3.9m; taxes collected were $6.8m.
- Market composition: 14 licensed online operators active in June and three retail sportsbooks.
Why should I read this?
Quick heads-up: Virginia cooled in July to an 11-month low after a stronger June, but it still beats last year. If you track US state-level sports-betting trends or operator performance, this saves you time — the key numbers are here in bite-sized form.
Author style
Punchy: a short, numbers-first bulletin — skim the stats now and dive into the full report if any figure matters to you.
Source
Source: https://igamingbusiness.com/sports-betting/virginia-sports-betting-revenue-handle-july/