Virginia Sports Betting Hits $574.6M in February 2026

Jonathan Rodriguez

Written by: Jonathan Rodriguez

Published: Wed Apr 08, 2026, 10:00 am ET

Read Time: 2 minutes

Virginia Sports Betting Hits $574.6M in February 2026

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The Virginia sports betting market demonstrated steady growth in February 2026, with a total handle of $574.6 million. This solid number reflects increased participation from bettors statewide. 

The promising number signals continued interest in legal wagering across the state, spanning both mobile and retail platforms. The month's results highlight Virginia's growing prominence in US online sportsbooks and its expanding economic impact on Virginia gambling.

Virginia Online Sportsbooks Report Year-Over-Year Growth

According to a report from the Virginia Lottery, the February 2026 handle represents a 3.2% increase compared to February 2025. This marks a positive trend for Virginia's gaming market. Bettors won back approximately $517.5 million, leaving operators with an adjusted gross revenue (AGR) of $53.8 million. 

Mobile sportsbooks generated $53.5 million of AGR, while retail casinos contributed roughly $344,924. Overall, operators reported a 9.93% win percentage, and ten of the active operators, including the eleven mobile brands, posted net positive AGR, resulting in $8.1 million in state tax payments.

Key Sports Events Driving February Revenue

Several major sporting events fueled the state's betting activity. The NFL postseason and Super Bowl LX attracted substantial wagers, while NCAA College Basketball maintained steady interest from fans.

Moreover, the NBA season and ongoing NHL season also contributed to consistent betting volumes. These events reflect the diverse sports portfolio that encourages engagement across US online sportsbooks in Virginia.

VA Casinos Also Had a Consistent February

Casino revenue also surged, totaling $95.2 million, up 26.7% year-over-year. This was driven by $70.2 million in slot earnings and $24.4 million from table games. 

The state collected $17.1 million in taxes for the Gaming Proceeds Fund, underscoring the growing fiscal significance of Virginia's gambling sector.

Looking Ahead: Can Virginia Sports Betting Maintain Consistency?

Despite strong year-over-year growth, February's handle was down about 16% compared to January 2026 ($688 million), reflecting a typical post-Super Bowl seasonal dip. However, with the combination of basketball playoffs and hockey's second half, Virginia sportsbooks could maintain healthy handles. 

Legislative developments, such as stalled online casino bills, may also influence long-term growth potential. Overall, Virginia's betting market shows resilience and adaptability, signaling promising prospects for both operators and state revenues in upcoming months.

Jonathan Rodriguez
Jonathan Rodriguez

Jonathan is an avid basketball fan, and is often looking forward to the next upcoming NBA season when not checking players' stats during games. He also likes to keep his ears on the ground for the latest rumblings in the online casino industry.

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