Sports betting in Virginia launched January 21, and Virginians have already wagered $865 million, according to press releases from the Virginia Lottery. In April, Virginians wagered $236.43 million according to a May 28 press release.Read More
Sports fans in Tennessee placed the first legal sports bets in the state this week, as sports wagering became legal Sunday.
Sports wagering is estimated to generate up to $4.5 billion in revenue each year, according to a study by Oxford Economics. The state will collect about 20 percent of that revenue – the second-highest tax rate on sports betting in the country – to support scholarships in the state.Read More
Mobile sports betting will be launching in Virginia by January 2021 at the earliest.
Since legislation was passed by the Virginia General Assembly and became effective July 1st, the Virginia lottery, who has been tasked with regulation and oversight, has been working to turn mobile sports betting for Virginians into a reality.Read More