Report: Virginia sports betting topped $672M during March (copy) (copy)
Total sports wagering in Virginia rebounded 17% from a February dip, recording $672.83 million in total play during March.
A new report from the Virginia Lottery shows mobile play was $666.4 million – compared to $571.55 million the prior month. Wagering at casino sportsbooks recorded its second strongest month in Virginia history at $6.43 million, more than double the $3.04 million recorded during February.
While an increase compared to February, the overall March total was still the second lowest month in total play since August 2025.
Total winnings were $609.01 million, leaving $60.11 million in adjusted gaming revenue to be divided among the state’s 14 licensed operators, according to the report.
"Virginia's sportsbooks didn't just survive the spring, they thrived. Reaching over $60.1 million in revenue marks a double-digit leap from February, proving that the Commonwealth's betting market is maturing with impressive velocity and efficiency,” according to a statement from Christopher Boan, analyst at BetVirginia.com.
"While February had the big [football] game, March had the volume. The jump to $666.4 million in mobile wagers confirms that the NCAA [basketball] tournament remains the undisputed king of engagement for Virginia bettors, driving a nearly 17% spike in digital handle,” Boan said.
Through the first three months of 2026, sports wagering in Virginia totaled $1.93 billion, down 2.5% compared to the $1.98 billion reported during the first quarter of 2025.
More than $5.95 billion was wagered during the first nine months of the fiscal year which began last July 1.
Ten operators reported net positive adjusted gaming revenue for March, resulting in $9 million in taxes.
"As the madness of March fades into the rearview, Virginia's coffers should prepare for the predictable summer cooling period," Boan said. "With the high-volume draws of the NFL and NCAA basketball off the board, Virginia's handle is entering its traditional 'off-season', a stretch where the market transitions from explosive growth to a more measured, baseball-driven steady state before the fall frenzy begins again."
