According to a new report, sportsbooks posted $57.1 million in adjusted gross revenue (AGR), and the state collected $8.67 million in taxes. Activity came from 14 online operators and 3 casino sportsbooks.
How June Stacked Up
In June, Virginians bet $477,848,533, and VA sportsbooks paid out $417,091,316 in winnings. Before deductions, that left about $60.8 million in gross revenue, a hold of roughly 12.7%.
After allowable deductions like voided bets and federal excise tax, operators reported $57,106,754 in AGR, an AGR margin of about 11.95%.
June slowed from May’s busier calendar. In May 2025, handle reached $595 million, one of Virginia’s strongest months on record, before easing back in June as the sports schedule thinned. Year over year, though, June still showed steady growth with that 15% gain versus June 2024.
Where the Tax Dollars Go and What to Watch
Under Virginia law, sportsbooks pay a 15% tax on AGR, not total handle. For June, that produced $8,674,412 in taxes. By statute, 97.5% goes to the state’s General Fund and 2.5% supports the Problem Gambling Treatment and Support Fund. Eleven operators finished June with positive taxable AGR.
The report also notes that “eligible noncash winnings” (promotional credits that can be deducted during an operator’s first 12 months) were $0 in June. That means AGR mainly reflected real betting performance wagers, winnings paid, plus standard adjustments like voided bets and federal excise tax.
For readers tracking market quality, this helps show how much of operators’ revenue came from betting outcomes rather than heavy promos.
For context, activity continues to be led by Virginia sports betting apps, with three brick-and-mortar casino sportsbooks also contributing to monthly totals. As usual, Virginia’s handle tends to soften after the NBA and NHL playoffs and before football ramps up.
The next big inflection point will come with NFL and college football in the fall, when monthly handle typically rises.
