Virginia: After nine straight months, June sports gambling handle drops below $400M

Tuesday, August 1, 2023 4:30 PM
Photo: Shutterstock
  • Katarina Vojvodic, PlayUSA

Although Virginia sports betting handle and revenue in June increased from 2022, the numbers were down from May, according to the Virginia Lottery. It’s the first time the handle dropped below $400 million after nine months of topping that figure.

From June 1 until June 30, Virginia online and retail sportsbooks generated:

  • Gross Gaming revenue: $325,455,052
    Gross winnings: $292,787,028
    AGR (Adjusted Gross Revenue): $26,434,330

    Virginia state law places a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue (AGR). The number is calculated as total bets minus total winnings and other authorized deductions.