Virginia Sports Betting Handle Totals $574.6 Million in February

(AsiaGameHub) –   In February, Virginia’s sports betting handle hit approximately $574.6 million—an increase of 3.2% compared to the same month last year—with mobile betting once again accounting for nearly all of this activity.

Good to Know

• During the month, players took home $517.53 million in winnings.
• Adjusted gross revenue generated roughly $9.3 million in tax payments.
• Virginia’s casinos also recorded $95.2 million in adjusted gaming revenue for February.

Virginia’s Sports Betting Handle Continues to Rise

The majority of February’s handle came from mobile platforms, totaling around $571.56 million. Retail sportsbooks located within casinos contributed an additional $3.04 million. Currently, Virginia has three permanent casinos in operation: Hard Rock Hotel & Casino Bristol, Rivers Casino Portsmouth, and Caesars Virginia in Danville.

Players earned $517.53 million in winnings, while Virginia’s total adjusted gross revenue amounted to approximately $53.8 million. Per state regulations, sports betting is taxed at 15% of each permit holder’s adjusted gross revenue, after subtracting winnings and other permissible deductions. In February, 10 operators reported positive adjusted gross revenue.

Out of the approximately $9.3 million in taxes generated, around $9.07 million will be allocated to the general fund. An additional $232,599 will go to the Problem Gambling Treatment and Support Fund, which is managed by the Virginia Department of Behavioral Health and Developmental Services.

The operators included in the February reporting period are Betfair Interactive US (in partnership with the Washington Commanders), Crown Virginia Gaming, BetMGM, Rivers Portsmouth Gaming, Caesars Virginia, Bally’s Interactive, Penn Sports Interactive, Colonial Downs Group, HR Bristol, Hillside (Virginia), PlayLive Virginia, and Sporttrade Virginia.

Virginia’s broader casino market also continued to expand. The state’s five operational casinos produced $95.2 million in adjusted gaming revenue in February, based on Virginia Lottery data shared by Gaming Intelligence.

Beyond current sports betting figures, development efforts are ongoing. Construction on the $750 million Norfolk casino began in February 2025, while the $1.4 billion Live! Casino & Hotel Virginia project in Petersburg broke ground in March 2025. Norfolk launched an Interim Gaming Hall in November 2025, and a temporary Live! Casino Virginia facility opened in Petersburg in January 2026 under the Cordish Companies.