| The Virginia Lottery today released its report on sports wagering activity submitted by licensed operators for the month of December 2022.
Between December 1 and December 31, 2022, Virginians wagered $503,075,150 (“handle”) through fourteen licensed operators, 17.9% higher than last December when only eleven operators were active. A complete list of all approved operators can be found here, under the “approvals” tab.
Virginia bettors won a total of $452,387,872 for a combined 10.08% operators win percentage (“hold”). Regulated sports wagering began in Virginia in January 2021.
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. |
