Virginia has witnessed a significant uptick in sports betting activity for the month of October 2025, with the state’s total handle reaching an all-time high of $831.6 million. This figure marks a 19.5% increase compared to October 2024, surpassing last year’s performance and continuing the trend of growth within the state’s gambling sector. The latest total also outpaced the previous monthly record of $761 million set in November 2024 by 9.3%.
The October betting handle consists of $824 million in online wagers and $7.6 million at retail sportsbooks located inside land-based casinos across Virginia. This impressive increase in spending reflects the rising popularity of sports betting, both online and at physical locations.
Monthly Revenue and Adjusted Gross Revenue Surge
When it comes to adjusted gross revenue (AGR), Virginia saw a substantial 53.7% year-on-year growth, bringing the total to $75.3 million for October. This is a notable jump from the $64.5 million AGR in September 2025 and reflects a steady upward trend. However, despite the record-breaking handle, Virginia was unable to surpass its highest revenue month, which remains the $86.4 million recorded in November 2024.
Online wagers accounted for the majority of the revenue in October, generating $74.6 million, while retail sportsbooks brought in $739,551. The statewide hold, which refers to the percentage of bets retained by operators after winnings are paid out, stood at 9.05% for the month, aligning closely with historical trends in Virginia’s market.
Tax Contributions and Statewide Impact
The robust performance of Virginia’s sports betting market also had a significant impact on the state’s finances. The total tax revenue generated from sports betting for October 2025 amounted to $11.3 million. Of this, $11 million was allocated to the state’s General Fund, with the remaining $282,793 directed towards the Problem Gambling Treatment and Support Fund, a vital resource for addressing gambling addiction in the state.
The data also revealed that Virginia bettors won a combined total of $751 million in October, with no bonuses or promotions reported by the Virginia Lottery for the month. This shows that the state’s market is largely driven by standard wagered bets rather than promotional incentives.
Regulatory Oversight and Market Composition
In terms of the operators involved, October saw 14 mobile sportsbooks and three land-based casinos authorized to accept bets. This includes major brands like FanDuel, DraftKings, BetMGM, Bet365, and the rebranded ESPN Bet, now known as theScore Bet. However, the Virginia Lottery does not provide a breakdown of individual operator performances, leaving the market share distribution unclear for the month.
Overall, October’s results reflect a strong and growing sports betting landscape in Virginia, which is expected to continue its upward trajectory as more operators enter the market and consumers increasingly embrace legal sports wagering.
Source:
Virginia sports betting handle hits record $831.6 million in October, igamingbusiness.com, December 2, 2025.
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