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Sports betting brings in tax money, gambling helpline calls
RICHMOND, Va. — Football season has kicked off and stretches from September to February. The sport is forecasted to bring in $35 billion in legal bets this season, according to the American Gaming Association. In Virginia it is one of the top types of sports wagers made, according to Virginia Lottery gaming updates. Sports betting […]
Virginians bet $377.6M on sports in July
Virginians bet $377.6 million on sports in July, up 28.6% from July 2023, according to Virginia Lottery data released Friday. July’s handle was a 9% decrease from the $415 million Virginians bet in June. Virginia bettors won $332.67 million last month and nearly $370 million in June. About $376 million of July’s gross sports gaming […]
Virginians bet almost $639M on sports in November
Virginians bet $638.8 million on sports in November 2023, up 23.1% from November 2022, according to data the Virginia Lottery released on Dec. 29, 2023. November’s handle is an 11.8% increase from October 2023, when Virginians bet $571 million on sports. Virginia betters won $595.8 million in November and about $507 million in October. About […]
Virginians bet nearly $426M on sports in April
Virginians wagered $425.98 million in April, up 6.6% from the year prior, according to data released June 1 by the Virginia Lottery. About $422 million in sports betting revenue came from mobile operators, and the remaining $3.5 million came from casino retail activity out of the temporary Hard Rock Hotel & Casino Bristol and the […]
Virginians bet almost $512M on sports in March
Virginians won $456 million but bet $511.6 million on sports in March, a 9% increase in betting expenditures over March 2022, according to data released Monday by the Virginia Lottery. About $507 million of sports betting revenue came from mobile operators, with the remaining almost $4.59 million coming from casino retail activity out of the […]
Virginians wager $433M on sports in February
Virginians bet more than $433.8 million on sports in February, according to data released Friday by the Virginia Lottery. Virginia sports bettors won more than $394 million in February. More than $430 million of sports betting revenue came from mobile operators, with the remaining roughly $3.55 million coming from casino retail activity out of the […]
Virginians bet $513M on sports in January
Virginians bet more than $513 million on sports in January, according to data released Wednesday by the Virginia Lottery. Almost $511 million of that revenue came from mobile operators, with the remaining roughly $2 million resulting from casino retail activity in Bristol and Portsmouth, where the state’s first permanent casino opened Jan. 23. Virginia sports […]
Virginia Lottery reports record $3.75B in revenue
The Virginia Lottery posted record sales of $3.75 billion and a record of almost $779.6 million in profits for fiscal year 2022, the lottery’s board announced Tuesday. Sales increased roughly 15% from last year, and the lottery’s profits increased about 1.9% over the prior fiscal year’s record. The lottery’s fiscal year ends on June 30. […]
Golden Nugget pulls out of Va. after DraftKings acquisition
DraftKings Inc. closed its acquisition of Golden Nugget Online Gaming Inc., the Boston-based company announced last week, and Golden Nugget will therefore no longer operate in Virginia. Golden Nugget Online Sportsbook in Virginia said it stopped accepting registrations, wagers and deposits in early May and would no longer offer promotions. For 60 days after the […]
Virginians bet $402M on sports in February
Virginians bet almost $402 million in February, according to data released April 1 by the Virginia Lottery. Virginia sports bettors won more than $374 million in February. Since the state legalized sports betting in mid-January 2021, Virginia has recorded $4.1 billion in wagers. February’s gross revenue was a decrease of more than $83.6 million from […]
College sports wagering bill wasn’t good bet
RICHMOND, Va. — Six Virginia men’s and women’s basketball teams made it into March Madness, but state law prevents fans and bettors from placing wagers on their favorite in-state college teams. Lawmakers attempted to change that law this session. Sen. Monty Mason, D-Williamsburg, introduced Senate Bill 576 that would allow Virginia sports bettors to bet […]
Virginians bet $235M on sports in June
Virginians bet $234.9 million on sports in June but nearly broke even, making $212.9 million during the fifth full month for legal sports wagers, according to data released Friday by the Virginia Lottery. Virginia sports betting wagers now total more than $1.3 billion since the state legalized sports betting in mid-January. In May, the state […]
