Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
|
Gaming News
Virginia Lottery releases May 2025 sports wagering activity report1 July 2025(PRESS RELEASE) -- The Virginia Lottery today released its report on sports wagering activity submitted by licensed operators for the month of May 2025. Between 1-31 May 2025, Virginians wagered $595,041,428, 17.7% higher than last May. For May, fourteen mobile operators and three casinos were authorized to accept wagers in Virginia. Virginia bettors won a total of $522,640,393 for a combined 12.17% operators win percentage. State law places a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue, which is defined as total wagers minus total winnings and other authorized deductions. 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.
Virginia Lottery releases May 2025 sports wagering activity report
is republished from Online.CasinoCity.com.
|