Virginia Sports Betting, Casinos Shine Bright in May
Virginia had a terrific month of sports betting in May, with the latest Virginia Lottery revenue report reflecting significant year-over-year growth.
Legal sportsbooks in the Old Dominion increased their betting handle by 17.7% and adjusted gross revenue by 25.9% year-over-year. The 12.2% hold was also the highest in nearly three months.
All of that came despite handle at Virginia sportsbooks falling below $600 million for just the second month in 2025.