by Sam Profeta | Apr 14, 2022 1:53 pm | Sports Betting
“Virginia is for bettors” ad is being fined $50,000. SB96 was introduced after the betting advertisement campaign began. RICHMOND, Va. – There has been a hiccup in the Virginia sports betting market with an advertisement under fire for alleged infringement on another...
by Evan Thornton | Apr 7, 2022 11:35 am | Revenue
Virginia sportsbooks handled over $401.9 million in sports bets. More than $33 million of the total handle came from Super Bowl bets. Virginia players won over $374.4 million in February Virginia broke $4 billion in total gross sports betting handle. RICHMOND, Va....
by Evan Thornton | Mar 2, 2022 11:27 am | Revenue
Virginia’s January sports betting handle saw a record-breaking $485.5 million handle. Sportsbook revenue in January beat its year-over-year record, but was not overall record-breaking. RICHMOND, Va. – Virginia’s regulated sports betting market has...
by Evan Thornton | Feb 7, 2022 12:26 pm | Legal
Virginia may see the ability to bet on college games thanks to new bill SB 576. Arizona is trying to expand the available operator licenses from 10 to 20. RICHMOND, Va. – New game-changing legislation could expand sports betting in both Arizona and Virginia if...
by Evan Thornton | Feb 3, 2022 12:31 pm | Revenue
Virginia sportsbooks handled over $3.2 billion in sports wagers across 2021. November was the most profitible month for sportsbooks, who pulled in $48.3 million in profit. 97.5% of all taxes made from sports betting is allocated to the General Fund with the rest going...
