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Virginians bet almost $761M on sports in Nov. 2024
Virginians bet more than $760.96 million on sports in November 2024, 19.1% more than they bet in November 2023, according to Virginia Lottery data released Tuesday. Virginia bettors won more than $674.6 million in November. About $756.76 million of November’s gross sports gaming revenues came from mobile operators, with the other $4.2 million coming from […]
Washington Commanders hire Campbell’s exec as team president
Mark Clouse, president and CEO of food giant The Campbell’s Co., will be the Washington Commanders‘ next team president, the Ashburn-based NFL team announced Tuesday. Clouse starts his new post in late January. He replaces Jason Wright, the NFL’s first Black team president, who was hired in August 2020 by former team owner Dan Snyder, […]
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 […]
Richmond Flying Squirrels’ new stadium will be CarMax Park
With confetti flying and a DJ playing walk-up music for Richmond’s mayor and other luminaries, the Richmond Flying Squirrels announced Wednesday that Fortune 500 company CarMax will be naming sponsor for the Squirrels’ new ballpark starting with the 2026 season. The replacement for the Richmond Diamond will be known as CarMax Park, officials with the […]
Virginia 500: The 2024-25 Power List
Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the fifth annual edition of the Virginia 500: The 2024-25 Power List. Read more about how we assembled the Virginia 500 from our editor. Executives are listed in alphabetical order by industry. Below you will find links […]
Military Circle plans shift in new direction
The fate of Norfolk‘s closed Military Circle Mall has yet to be determined, but city officials are considering how the property could leverage sports tourism and offer retail and housing options. The city bought the 54-year-old, long-declining mall building and the surrounding 73 acres in 2020 for $11 million. As Norfolk seeks to repurpose the […]
CONNIE NYHOLM
Connie Nyholm had never set foot on a racetrack until 1998, when she and Harvey Siegel decided to resurrect Virginia International Raceway. The duo came to motorsports after successful real estate careers, though their motivations differed; Siegel was a racing enthusiast and competed in vintage racing events all over the country, while Nyholm wanted to […]
Richmond region scores in sports tourism
With several new and expanded facilities across the region, the greater Richmond area has become an attractive hub for amateur sporting events, bringing in hundreds of thousands of visitors and millions of dollars in added revenue. The region’s amateur sports tourism generated $88.7 million in hospitality-related revenue in fiscal 2023, according to Jerrine Lee, vice […]
Virginians bet $635M on sports in March
Virginians wagered $635.59 million on sports in March, 24.2% more than March 2023, according to Virginia Lottery data released Wednesday. March’s handle was a 16.6% increase from the $545 million Virginians bet in February. Virginia bettors won almost $588 million in March and approximately $495 million in February. “Virginia bettors came back full throttle after […]
Bruce Smith teams with Cordish on Petersburg casino plan
Virginia Beach developer and NFL Hall of Famer Bruce Smith is vying for the chance to develop a casino in Petersburg and has joined forces with Cordish Cos., the Baltimore-based entertainment company that has already made inroads in Virginia. There’s just one obstacle facing Smith and other prospective developers, including Bally’s, Penn Entertainment, Rush Street Gaming […]
Norfolk looks to renovate Scope, Chrysler Hall instead of building new arena
Norfolk no longer plans to build a new arena after Military Circle Mall is torn down, and instead is seriously considering renovating two city-owned venues downtown: the 53-year-old, 10,000-seat Scope Arena and the nearby 52-year-old Chrysler Hall, a 2,500-seat theater. “The participation of the public dollar that we would need on the arena is more […]
Alexandria arena proposal economic impact report released
An economic and fiscal impact analysis released Friday by the Alexandria Economic Development Partnership forecasts that the proposed Washington Capitals and Wizards arena in Alexandria could generate up to $7.96 billion in annual economic output for the state. Additionally, the report says the arena could be completed as soon as 2028 if its construction schedule […]
