Virginia Archives - Legal Sports Report

Nine VA Sportsbooks Live As Golden Nugget Launches Today

There are now nine online VA sportsbooks live after Golden Nugget Online launched Wednesday morning. Golden Nugget was one of three operators approved in March, along with Barstool Sportsbook and Bally Bet. Penn National‘s Barstool launched Aug. 10 but Bally Bet is still waiting. That launch is not expected until the late fourth quarter or next […] Read More

Posted on: October 13, 2021 | | Matthew Waters

DC Sports Betting Audit Calls For Major Changes, Lottery Shrugs

The Washington DC Auditor offered six suggestions to improve the performance of Gambet DC, including better returns for sports bettors. Read More

Posted on: September 9, 2021 | | Brad Allen

VA Sportsbooks Join Sinking National Handle Trend In July

July’s slow sports schedule led to the lowest full month of handle for VA sportsbooks since the market launched mid-January. Handle hit $161.9 million, which is nearly 29% off the previous low mark of $227 million set in May. The drop is expected at this point. None of the 16 US sports betting jurisdictions to […] Read More

Posted on: September 2, 2021 | | Matthew Waters

US Newcomer BlueBet Gets AZ Sports Betting Access

Australia-listed BlueBet is new to the US, hopefully getting a taste of the Southwest first with an AZ sports betting agreement. The sportsbook operator partnered with the Colorado River Indian Tribes and the BlueWater casino. There are 20 total licenses available in Arizona. The state’s professional teams and venues, and gaming tribes get 10 licenses […] Read More

Posted on: August 9, 2021 | | Matthew Waters

FanDuel Sportsbook Still Leads All VA Sportsbooks In Market Share

FanDuel Sportsbook remains the favorite of the seven live online VA sportsbooks, but it no longer takes the majority of action. The Virginia Lottery provided its second sports betting update since sports betting in Virginia launched in mid-January. The top two positions for FanDuel and DraftKings Sportsbook are not exactly surprising considering they were the […] Read More

Posted on: July 21, 2021 | | Matthew Waters

Can Anyone Crack The Social Sports Betting Code In US?

US start-up Wagr is the latest company to try and socialize sports betting. Will it have any more success than its predecessors? Read More

Posted on: July 8, 2021 | | Brad Allen

Virginia Sports Betting Continues Past $1B Handle Despite Slide

In less than five months, Virginia sports betting surpassed $1 billion in wagers. With May’s $226.9 million handle, Virginia sports betting climbed past $1 billion since its Jan. 21 launch, according Virginia Lottery release Thursday. In May, Virginia sportsbooks secured a 10.2% hold, generating $15.7 million in adjusted gross revenue. AGR since launch reached $34.4 million. […] Read More

Posted on: July 1, 2021 | | Pat Evans

Plenty Of Interest In Remaining VA Sports Betting Licenses

There is once again an abundance of applicants for the remaining VA sports betting licenses. The Virginia Lottery received 18 applications from May 15-31 for up to five sportsbook licenses available in the state, according to a lottery spokesperson: “Those applications are currently being reviewed. We don’t have a definite date as to when new […] Read More

Posted on: June 16, 2021 | | Matthew Waters

Even Freshman Virginia Sports Betting Not Immune To Swoon

In the third full month of sports betting in Virginia, the state’s handle hit $236.4 million in April. Sportsbook operators generated $19.4 million in gross revenue, good for an 8.22% hold, according to a Virginia Lottery release Friday. Similar to most legal markets, Virginia sports betting took a dip as the sports calendar thinned. April wagers […] Read More

Posted on: June 1, 2021 | | Pat Evans

Analysis: Past-Due DC Sports Betting Audit Likely To Show GambetDC Failures

The rollout of DC sports betting has been less than perfect since Intralot’s contract was steamrolled through DC Council more than two years ago. It is only fitting, then, that a deep dive into the market’s performance is delayed because the office in charge of the audit did not know it had to do it. […] Read More

Posted on: May 26, 2021 | | Matthew Waters