NFL

Sports betting again tops $500M in Virginia

Summarized by: Live Sports Direct
 
Sports betting again tops $500M in Virginia

November sports wagering in Virginia narrowly missed equaling October's single-month record. The state's lottery reported more than $518.8 million wagered. Regulated sports betting began in January 2021. December sports betting figures will be released in December. Sports gambling generated almost $7.6 million for the general fund. State law places a 15% tax on sports gambling activity. It's plausible that revenue could near $80 million by this time next year.

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