Virginia § 58.1-4124 - Tax rate on adjusted gross receipts
Full text of Virginia Code of Virginia § 58.1-4124 — Tax rate on adjusted gross receipts, with citation guidance and answers to common questions.
§ 58.1-4124. Tax rate on adjusted gross receipts
A. A tax on the adjusted gross receipts of each licensed operator received from games authorized under this chapter shall be imposed as follows:
1. On the first $200 million of adjusted gross receipts of an operator each calendar year, a rate of 18 percent.
2. On the adjusted gross receipts of an operator that exceed $200 million but do not exceed $400 million each calendar year, a rate of 23 percent.
3. On the adjusted gross receipts of an operator that exceed $400 million each calendar year, a rate of 30 percent.
B. All tax revenues collected pursuant to the provisions of this section shall accrue to the Gaming Proceeds Fund and be allocated as provided in § 58.1-4125.
C. The taxes imposed by this section shall be paid by the licensed operator to the Department no later than the close of the fifth day of each month for the preceding month when the adjusted gross receipts were received and shall be accompanied by forms and returns prescribed by the Board. Revenues collected pursuant to this section shall be credited to the Gaming Proceeds Fund to be appropriated as set forth in § 58.1-4125. The Department may suspend or revoke the license of an operator for willful failure to submit the wagering tax payment or the return within the specified time.
D. The tax imposed under this section shall not apply to the receipts of a licensed operator from sports betting, whether such receipts were generated from a sports betting facility or sports betting platform; instead, such receipts shall be taxable under § 58.1-4037.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 58.1-4124
What does Code of Virginia § 58.1-4124 cover?
Section 58.1-4124 ("Tax rate on adjusted gross receipts") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 58.1-4124?
A common citation format is "Code of Virginia § 58.1-4124" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 58.1-4124 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.