The Virginia Lottery added a $50 scratch off game, $326,000,000 Fortune. Players have collected over $2 billion in online payouts from the Virginia Lottery. The lottery accounted for about 10% of Virginia’s K-12 education budget in FY 2022. RICHMOND, Va. – With more than 300,000 accounts, the Virginia online lottery has paid more than $2 … Read more
Caesars Entertainment and the Eastern Band of Cherokee Indians will break ground on Caesars Virginia. The project is located in Danville, VA, and will contain 1300 slots in addition to other gambling opportunities. Caesars Virginia is expected to open in 2024. DANVILLE, Va. – Caesars Entertainment has officially partnered with the Eastern Band of Cherokee … Read more
Virginia has seen roughly 50% of their potential sports betting tax benefits due to sportsbooks deducting promotions and bonuses. The budget approval requires operators that are live for 12 months to pay these taxes moving forward. RICHMOND, Va. – Virginia is joining Colorado as the second state to remove promotion deductions for sports betting. With … Read more
The odds to win the estimated $630 million Powerball jackpot are 1 in 292.2 million. Mass Cash produced two winners of $100,000 this past week. Platinum Jackpot winner in Viginia won $1 million on a chocolate milk run. BOSTON – Millions of people will be sitting on the edge of their seats to watch the … Read more
Virginia sportsbooks handled $2.7 billion in their first 11 months overall. October set a new $427.3 million record high sports wagering handle. November’s sports betting revenue set a new record high of $48.3 million RICHMOND, Va. – Virginia’s state-regulated sports betting market launched in January of 2021, and the Virginia Lottery report shows a very … Read more
The US sports betting industry saw a 230% increase in revenue generated from 2020 to 2021. More states are opening online sports betting markets, as the market proves profitable. Wyoming is the first state-regulated sports betting market accepting cryptocurrency. New Jersey became the first state to handle $1 billion in sports wagers. LAS VEGAS – … Read more
Richmond residents will vote on potential new casino in their city that will include sportsbook. Non-profit organization ‘Richmond for All’ opposes this project happening in their town. The casino could make the city and community millions of dollars in revenue within the first 10 years. RICHMOND, Va. – A vote to approve construction of a … Read more
Virginia’s sports betting handle dropped 22% from March to April. This is despite Unibet entering the market during April. Virginia could reach over $1 billion in total handle by May, making it the fastest state to do so. RICHMOND, Va. – Virginia’s sports betting industry saw a significant drop in handle from March to April, … Read more
