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Virginia recorded approximately $574.6 million in sports wagers in February, according to data released by the Virginia Lottery, a 3.2% increase compared to the $556.84 million reported in the same month a year earlier.
Players won a total of $517.53 million during the month, while adjusted gross revenue generated tax contributions of about $9.3 million. Of this, roughly $9.07 million, or 97.5%, will be directed to the state’s general fund, with the remaining $232,599 allocated to the Problem Gambling Treatment and Support Fund overseen by the Virginia Department of Behavioral Health and Developmental Services.
Mobile betting continued to dominate the market, accounting for approximately $571.56 million of total wagering activity. Retail sports betting at casinos contributed around $3.04 million. Virginia currently operates three permanent casinos: Hard Rock Hotel & Casino Bristol, Rivers Casino Portsmouth, and Caesars Virginia in Danville.
The state taxes sports betting at a rate of 15% on each permit holder’s adjusted gross revenue, calculated after winnings and allowable deductions. In February, 10 operators reported positive adjusted gross revenue.
Operators included in the February reporting period were Betfair Interactive US (FanDuel) in partnership with the Washington Commanders, Crown Virginia Gaming (DraftKings), BetMGM, Rivers Portsmouth Gaming (Rivers Casino Portsmouth), Caesars Virginia, Bally’s Interactive, Penn Sports Interactive, Colonial Downs Group, HR Bristol, Hillside (Virginia), PlayLive Virginia, and Sporttrade Virginia.
Alongside sports betting growth, Virginia’s broader casino sector reported $95.2 million in adjusted gaming revenues for the month.
Casino expansion projects are ongoing across the state. Construction began in February 2025 on a $750 million casino in Norfolk. In Petersburg, a $1.4 billion Live! Casino & Hotel Virginia project broke ground in March 2025. Temporary facilities have already been introduced, with an Interim Gaming Hall opening in Norfolk in November 2025 and a temporary casino in Petersburg opening in January under Cordish Cos.