Virginia Archives - Legal Sports Report

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

Maryland Sports Betting Official After Governor Hogan’s Signature

Following a last-minute addition to his bill signing schedule, Gov. Larry Hogan signed a Maryland sports betting bill into law Tuesday. The signature on HB 940 comes more than month after the state’s legislative body passed the bill April 12, the last day of the session. The General Assembly passed it as an emergency bill, so the […] Read More

Posted on: May 18, 2021 | | Pat Evans

Virginia Sports Betting Sees Second-Month Bump From College Basketball

Virginia sports betting continued to grow in its second full month. March’s VA sports betting handle reached $304.1 million, according to a Virginia Lottery release Friday. The six operators live in March combined for an 8.7% hold with an adjusted gross revenue of $13.8 million. Second-month bump in Virginia sports betting The March handle was a 13.7% increase […] Read More

Posted on: May 3, 2021 | | Pat Evans

Next VA Sports Betting License Awarded To Unibet, More Coming

Old Dominion is finally in double digits for betting licenses as the state lottery handed out its 10th VA sports betting license. The Virginia Lottery posted a Unibet temporary license approval on its website Thursday, though approval date was technically Wednesday. Unibet’s parent company Kindred sent out a release Thursday confirming the license. “We are excited […] Read More

Posted on: April 22, 2021 | | Matthew Waters

Finally We Know That FanDuel Leads Virginia Sportsbooks To Date

There is finally a bit of detailed information available on Virginia sportsbooks, thanks to a VA Lottery presentation Wednesday morning. FanDuel Sportsbook Virginia leads the state’s six online sportsbooks in handle share, according to preliminary data from launch on Jan. 21 through March. FanDuel had the advantage of launching first in Virginia and has taken […] Read More

Posted on: April 21, 2021 | | Matthew Waters