June VA Sports Betting Report Shows Promo Deductions End For Many

June’s report on VA sports betting marks the last promotional hurrah for seven sportsbook operators after new rules went into effect July 1. That date was the start of the new fiscal year for Virginia, which set the state’s new budget into motion. That budget includes a 12-month limit on promotional spend deductions for Virginia […] Read More

Posted on: August 2, 2022 | | Matthew Waters

New Budget Ends Unlimited Promo Deductions For Virginia Sportsbooks

Virginia's latest biennial budget accomplished what legislation could not this year: an end to unlimited promo deductions for VA sportsbooks. Read More

Posted on: July 20, 2022 | | Matthew Waters

How Could Reported Commanders Move Affect MD, VA Sports Betting?

The Washington Commanders are already live in VA with sports betting and could be considering a stadium there too. The Commanders paid $100 million for 200 acres in Virginia, according to a Monday report from ESPN. The land could house a 60,000-seat domed stadium, with restaurants, apartments and other surrounding amenities. Should the Commanders move, […] Read More

Posted on: May 24, 2022 | | Matthew Waters

Betway, SI Sportsbook Set To Join VA Sports Betting In Coming Weeks

Two more VA sports betting operators should launch in the next few weeks, even though one of them could at least partially start today. SI Sportsbook planned to go live Wednesday morning but did not, Virginia Lottery Deputy Director of Gaming Compliance Gina Smith said at Wednesday’s board meeting. Google Play did not approve the […] Read More

Posted on: April 27, 2022 | | Matthew Waters

888 Hires US Head, Sets Launch Date For Next SI Sportsbook

888 said it will launch the SI Sportsbook in Virginia in May, just one day after hiring a new US president from Bleacher Report. Read More

Posted on: April 21, 2022 | | Brad Allen

Growing VA Sportsbooks Hit New Milestone As New Ops Enter

VA sportsbooks passed $4 billion in handle in the market’s 13-plus months of operation since launching last January. The $4.1 billion in handle ranks eighth in US sports betting but only for a bit. Virginia sports betting will drop to ninth once the March report is in for New York. Gross revenue since launch is […] Read More

Posted on: April 5, 2022 | | Matthew Waters

A Year After Launch, Virginia Sports Betting Continues Growth

While legislators keep the Virginia sports betting landscape relatively stable, the state turned in a record month in January. Virginia sportsbooks took a record $485.5 million in bets, according to a Virginia Lottery release Tuesday. The figure is up nearly 14% from December’s $426.6 million total. Since Virginia sports betting launched in late January 2021, sportsbooks […] Read More

Posted on: March 3, 2022 | | Pat Evans

Betting On Virginia Colleges With VA Sportsbooks To Stay Off-Limits

Multiple members of the Virginia House made it clear no licensed VA sportsbooks would take bets on in-state colleges anytime soon. Sen. Monty Mason‘s SB 576 was tabled as expected by the House’s General Laws Committee after 9 p.m. Thursday following a brief discussion. A companion bill by Del. Schuyler VanValkenburg met a similar quick fate in […] Read More

Posted on: February 25, 2022 | | Matthew Waters

Promo Flow A Go For VA Sportsbooks As Bill To Limit Deductions Dies

Last week proved was positive for VA sportsbooks as their promo dollars can continue to freely flow for at least another year. HB 1103 would have put an end date on the currently unlimited promotional deductions allowed for Virginia sportsbooks. Had the bill passed, operators could only deduct promos in their first 12 months live. […] Read More

Posted on: February 24, 2022 | | Matthew Waters

VA Sportsbooks Bill To End In-State College Ban Alive In Senate

There is still a chance that VA sportsbooks could take bets on in-state colleges, though House support seems unlikely. HB 1127 from Del. Schuyler VanValkenburg was shot down in a House General Laws subcommittee Tuesday afternoon. Sen. Monty Mason‘s companion legislation, however, advanced Wednesday. The General Laws and Technology committee reported SB 576 and referred […] Read More

Posted on: February 3, 2022 | | Matthew Waters