Virginia reported record adjusted sports betting gross revenue for the month of November, while handle in Old Dominion also reached an all-time high for the second consecutive month.
Data published this week by the Virginia Lottery shows gross revenue in November 2024 hit $80.6 million (£64.3 million/€77.7 million). This is 121.4% ahead of the same month in 2023 and 64.5% more than October 2024.
The total also surpassed the state’s existing adjusted gross revenue (AGR) record of $67.5 million – set in January 2024 – by 19.4%.
Almost all AGR came from online. During the month, some $79.9 million of all revenue was attributed to online betting, compared to $666,689 in retail revenue.
Player spending in Virginia up to $761.0 million
In terms of how much players spent on sports betting, the monthly handle for November across both online and land-based hit $761 million. This surpasses last year by 19.1%.
November also marks the first time Virginia has surpassed $700 million in betting handle. The monthly total beat the existing record of $696.1 million, which was set in October, by 9.3%.
In total, $756.8 million was spent betting online, with a further $4.2 million wagered with sportsbooks at land-based casinos.
Players won $674.6 million from sports betting during November, while in terms of hold, this reached 10.60%.
Record tax for Virginia
As for tax, Virginia collected a total of $12.1 million. Of this, some $11.8 million went to the General Fund Allocation and $302,529 the Problem Gambling Treatment and Support Fund Allocation.
This was, by some distance, the most tax Virginia has ever generated from sports betting in a single month. The previous monthly high was $9.9 million in January 2024. Virginia taxes sports betting at a rate of 15.0% on adjusted gross revenue.
The Virginia Lottery does not publish a full breakdown of operator performance. During the month, 13 mobile operators and three casinos accepted wagers in Virginia.