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Virginia sports betting revenue increases 33.3% to $60.1m for March

Mobile sports betting revenue accounted for the vast majority of total revenue across the state, having increased 25.8% from the prior year period to just over $59.8m.

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Virginia sports betting revenue increases 33.3% to $60.1m for March
Key Points
The increase in sports betting revenue during March was generated despite a 2.4% decrease in total Virginia handle to $672.8m
Retail sports betting activity produced just $307,766 of revenue in Virginia, equating to a 55.5% decrease year-over-year

The Virginia Lottery has reported the state’s sports wagering activity – both mobile and retail – for March 2026, as total revenue increased 33.3% to $60.1m, even while total handle decreased 2.4% to $672.8m. 

Mobile sports betting revenue accounted for the vast majority of total revenue across the state, having increased 25.8% from the prior year period to just over $59.8m. Retail sports betting activity produced just $307,766 of revenue in Virginia, equating to a 55.5% decrease. 

Under Virginia’s 15% tax on sports betting revenue, 97.5% of the $9m generated for March 2026 is distributed to the state’s General Fund, while the remaining 2.5% is deposited into the Problem Gambling Treatment and Support Fund, administered by the Virginia Department of Behavioral Health and Developmental Services.

According to the Virginia Lottery, 10 operators currently licensed to conduct business across the state managed to report net positive adjusted gross revenues for March. 

On April 15, the state regulator also reported total casino revenue for March 2026, as Virginia’s five gaming establishments managed to combine for $100.1m, equating to growth of 17.5%.

Virginia’s casino revenue was assisted by both The Interim Gaming Hall Norfolk and Live! Petersburg, having each debuted following the prior year period. The Norfolk property accounted for nearly $1.1m of revenue for March 2026 while Live! Petersburg managed to generate $15.2m.

Despite reporting the most casino revenue of any Virginia property, Caesars Virginia witnessed a decrease of 4.9% to just over $34.2m. 

Revenue produced by slot machines in Virginia accounted for $75.2m of the state’s total casino revenue and increased 18.9%, while table games produced nearly $24.9m of revenue and grew 13.4%. 

Good to know

Virginia Governor Abigail Spanberger vetoed Senate Bill 756 on April 10, which could have potentially allowed residents to vote on whether a new retail casino could be developed in Fairfax County

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