Welcome

FanDuel Takes First Wagers as Virginia Sports Betting Goes Live

Jan. 21, 2021, 8:39 PM

Sports betting is taking off in Virginia. FanDuel started offering the state’s first legal bets Thursday after receiving Virginia’s first permit for it.

“Decisions on additional permit awards are imminent, and we anticipate more than one sportsbook will be in position to begin accepting legal wagers from Virginians in time for the Super Bowl on Feb. 7th,” a Virginia Lottery spokesperson said in an email.

  • Operators are subject to a 15% tax on revenue, which could generate $61.8 million annually for the state, according to VirginiaCasinos.com.
  • Virginia, the 12th-largest state, is roughly the same size by population as ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.