Adjusted gross gaming revenue, which is defined as total bets minus winnings, bonuses and promotions and other authorised deductions, was also up by 260.9% from $8.7m in August 2021 to $31.4m this year.
This figure, the Virginia Lottery said, was also 46.7% more than $21.4m in July this year.
Consumers in Virginia won $247.7m from sports betting during the month, while $1.1m in bonuses and promotions were issued to players. In addition, the Virginia Lottery accounted for a further $4.24m in other deductions.
Total tax collected from sports betting activity in August was $4.5m, with $4.4m allocated to the General Fund Allocation and $111,853 the Problem Gambling Treatment and Support Fund Allocation.