The Virginia Lottery released its February sports wagering report and bets were up by 8% from February of 2022. Bets topped $433 million and winners took home nearly $402 million. State law places a 15% tax on sports betting activity based on each permit holder’s adjusted gross revenue. 97.5% ofd those revenues go imnto the General Fund and 2.5% is allocated to the Problem Gambling Treatment and Support Fund administered by the Virginia Department of Behavioral Health.