Virginia's sports betting market reached a milestone in October 2025. According to data released by the state lottery, the total sports betting handle for the month was a record $831.6 million, not only breaking the state record but also showing a significant increase of 9.3% from the previous high of $761 million in November 2024. Meanwhile, the monthly revenue (Adjusted Gross Revenue) also reached $75.3 million, the highest level since January of this year.
Record betting amounts, with online channels dominating
The figure of $831.6 million indeed revitalized the market. It represents a 19.5% increase from last October and a 12.8% increase from September this year. A closer look reveals that over 99% of the betting took place online, specifically $824 million; while the retail sports betting counters across the state's physical casinos contributed only $7.6 million. This reaffirms the overwhelming dominance of mobile and online platforms in the U.S. sports betting market.
Revenue and taxes: Operators earned, and the state government collected
The record-high betting volume brought in considerable revenue. In October, operators' adjusted total revenue (AGR) reached $75.3 million, with online revenue accounting for the vast majority at $74.6 million. Although the revenue did not surpass the historical peak of $86.4 million in November 2024, the 53.7% year-over-year growth and 16.7% month-over-month growth still demonstrate strong momentum. The state government also garnered substantial tax revenue, totaling $11.3 million, with $11 million going into the general fund and over $280,000 allocated to the problem gambling treatment and support fund.
Many market participants, but the winner remains undisclosed
In October, Virginia had 14 mobile operators and 3 casinos authorized to accept bets. Market participants included mainstream brands such as FanDuel, DraftKings, BetMGM, Bet365, and the recently renamed ESPN Bet, formerly known as theScore Bet. However, since the Virginia Lottery does not disclose individual operator data, it remains a mystery which operator came out on top in this record-setting month. Other data indicate that the total amount returned to bettors in prizes was $751 million, with no reported deductible bonuses and promotional expenses.
(For in-depth analysis of sports betting market data and trends across the U.S., refer to the specialized data research reports available on the PASA official website.)
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