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Virginia sports betting revenue falls 6.8% during May to $63.3m

Sports betting revenue generated by retail casinos totaled just $439,556 for the monthly period, while online wagering revenue also decreased by 6.8% year-over-year to $62.9m.

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Virginia sports betting revenue falls 6.8% during May to $63.3m
Key Points
The state’s overall sports betting handle for May 2026 was just over $581.3m, representing a decrease of 2.3%
Operator submitted nearly $9.5m in taxes to the state of Virginia, including $9.2m to the General Fund Allocation

The Virginia Lottery has reported the state’s total sports wagering activity for May 2026, as operators reported a combined $63.3m of adjusted gross revenue (AGR), representing a decrease of 6.8%. 

Driven primarily by online sports betting operations, the vertical generated $62.9m of AGR during the monthly period, equating to a similar fall of 6.8%. Sports betting revenue generated by retail casinos totaled just $439,556, having decreased 5.9%. 

Virginia’s total sports betting handle for May 2026 was just over $581.3m, equating to a decrease of 2.3% year-over-year. Online betting operations accounted for $574.6m of the combined figure and fell 2.6%, while retail handle was $6.8m and increased 30.9%. 

Sports betting operators currently licensed in Virginia submitted nearly $9.5m of taxes to the state during May, including $9.2m to the General Fund Allocation and $236,966 to the Problem Gambling Treatment and Support Fund Allocation. 

Virginia law places a 15% tax on sports betting activity based on each licensed operator’s AGR, which is defined as total wagers minus total winnings and other authorized deductions.

On June 15, the Virginia Lottery reported the state’s total casino revenue for May 2026, as land-based gaming properties totaled $108.4m during the monthly period, representing an increase of 26.9%.

Commercial properties managed to generate $79.6m in revenue from slot machines, equating to 25.4% growth year-over-year, as well as increase table game revenue by 31.4% for a total of $28.7m.

Caesars Virginia led all properties in the state with nearly $38m of revenue for May 2026, representing an increase of 11.6%. Rivers Casino Portsmouth also crossed the $30m revenue mark with $30.2m, marking a rise of 6.6%.

Good to know

VCU partnered with the Virginia Association of Independent Schools in June to develop gaming prevention resources for schools and parents, led by the Virginia Partnership for Gaming and Health

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