Virginia

Virginia Sports Betting July Handle Lowest Since Launch

Virginia sports betting reported a 31% drop in its monthly handle in July, the lowest full month for the industry since it launched in late January. According to figures released Wednesday by the Virginia Lottery, the state’s sportsbooks posted $161.9 million in July handle, compared to $235 million in June …

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Virginia basketball player

Virginia Sports Betting Sees $235M in June Handle

Amid the peak of a summer slump when most other states are witnessing declining handles, Virginia sports betting saw a slight recovery in the June report. According to the Virginia Lottery’s figures released Friday, the commonwealth posted nearly $235 million in handle, representing a 3.5% rise from May’s $227 million. …

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Virginia

Virginia Lottery Approves Casino Regulations in 5 Cities

The Virginia Lottery Board approved Wednesday a set of proposed regulations to govern the casino gambling industry a year after legalizing the expanded gaming. The proposed regulations now go to Gov. Ralph Northam for his signature after which a public comment period will follow, leading up to final approval by …

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Virginia basketball player

Virginia Becomes Fastest Sports Betting Market To Reach $1bn

Virginia has become the fastest new sports betting market to clear $1 billion in overall handle in May, beating Tennessee which made the record in April. The commonwealth made the national record in four months and 11 days since the state launched its online-only industry in January. According to the …

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Richmond, Virginia

Virginia Lottery Flooded With Sportsbook Applications Against Limited Licenses

As many as 18 applicants have applied for the Virginia sports betting license against five available in the state, according to a lottery official. The applications are currently being reviewed and the new licenses won’t be approved before July 1. In late March, Gov. Ralph Northam signed legislation to fix …

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Richmond, Virginia

Virginia Sports Betting Posts $236.4M in Apil Handle

The nationwide declining trend in sports betting also visited the newly launched Virginia industry which reported a total handle of $236.4 million in April. According to the figures released Friday by Virginia Lottery, last month’s handle represented a 22% decline from March’s $304.1 million, the record number for the new …

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Richmond, Virginia

Virginia Sports Betting Tops $300M Handle In March

In its second-full month, Virginia sports betting topped $300 million in March handle after its online-only sports betting launched on January 21. The March Madness swelled the number, making up more than 25% of the total handle in March. According to the figures released Friday from the Virginia Lottery, the …

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Richmond, VA

Virginia Sports Betting Posts $265.8M in First Full Month in February

The first full month of Virginia sports betting has brought in more than $265 million of handle in February, according to the Virginia Lottery. Sportsbooks took in $265.8 million worth of bets for the shortest month of the year, of which 7% of the month’s handle came from Super Bowl …

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Richmond, Virginia

Virginia Sports Betting: First 11 Days Bring $59M in Handle

The future of Virginia sports betting looks bright future following the preliminary report of its online sports betting market that was released by the Virginia Lottery on Monday. The report revealed that in the first 11 days of operation since the industry’s launch on January 21, the state amassed $58.9 …

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Virginia Governor's House

Virginia Bills for More Sportsbook Licenses Sent to Governor

Virginia lawmakers have sent two bills to the governor’s desk that would allow for more operator licenses, besides the inclusion of Olympics. If approved by Gov. Ralph Northam, the expansion to the newly launched Virginia sports betting market would go into effect on July 1. HB 1847 from Del. Marks …

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