Winners & News

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Virginia Lottery LogoThe Virginia Lottery today released its report on sports wagering activity submitted by licensed operators for the month of December 2024. 

Between December 1 and December 31, 2024, Virginians wagered $734,380,460 (“handle”), 16.0% higher than last December.  A complete list of all approved operators can be found here, under the “approvals” tab.  For December, thirteen mobile operators and three casinos were operating in Virginia.

Virginia bettors won a total of $684,826,417 for a combined 6.75% operators win percentage (“hold”). 

State law places a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue (AGR), which is defined as total wagers minus total winnings and other authorized deductions.

 

 

Mobile Operators

Casino Retail Activity

Total

Dec-24

Gross sports gaming revenues

$729,487,117

$4,893,343

$734,380,460

Gross winnings

($679,956,640)

($4,869,777)

($684,826,417)

Allowable Bonuses and Promotions

($10,790)

$0

($10,790)

Other deductions

($5,616,413)

($36,449)

($5,652,862)

AGR (Adjusted Gross Revenue)

$43,903,273

($12,883)

$43,890,390

 

Of the state tax on sports betting AGR, the statute specifies 97.5 percent is to be deposited in the state’s General Fund and 2.5 percent is to be deposited into the Problem Gambling Treatment and Support Fund administered by the Virginia Department of Behavioral Health and Developmental Services. 

Eleven operators reported net positive AGR for December, leading to $6.6 million in tax payments for the month:

 

 

Monthly Taxes

Total Tax

$6,598,301.33

General Fund Allocation

$6,433,343.80

Problem Gambling Treatment and

Support Fund Allocation

$164,957.53

 

About Virginia Lottery
The Virginia Lottery is responsible for the regulation of sports wagering in the Commonwealth of Virginia.  Monthly financial reports and other important information about legal sports wagering is posted at www.valottery.com/casinosandsportsbetting.