Virginia Betting Hits $265 Million in First Full Month, One of Fastest Growing in Nation

In Virginia’s first full month of legal gambling, the commonwealth’s sportsbooks took in about $265.8 million in wagers, which is the second largest sum for any state in its first full month.

Legalized gambling began in mid-January, taking in $58.9 million that month. In the 28 days of February, the state more than quadrupled that number. The per-day amount of money spent on wagers nearly doubled from $5.4 million in January to $9.5 million in February. The per-day jump is the largest any state has seen in one month.

“The enthusiasm from bettors will eventually settle down, and sportsbooks will pull back a bit from this heavy promotional period,” Jessica Welman, an analyst for PlayVirignia, said in a statement. PlayVirginia is an organization that provides analysis on the gaming industry in the commonwealth.

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Virginia’s Battle over Bingo Intensifies

A seemingly-innocuous bill in the Virginia Senate is causing quite a stir among the Commonwealth’s bingo community. 

According to the summary of SB 1127, introduced by State Sen. Bryce Reeves (R-17th District), the bill “Removes the requirement that an organization qualified to conduct bingo games may only play instant bingo, network bingo, pull tabs, or seal cards as part of such bingo games and at such times designated in a permit, if any, for regular bingo games.”

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Commentary: John Fredericks NFL Playoff Picks – Championship Weekend

Batting .500 is great if you’re a baseball hitter. Not so much if you are picking football games against the spread. After 10 picks, we are an unimpressive 5-5, and our best bets are 1-1. So we still have our stake available, minus the vig, which is typically 10 percent. So if you bet $100 on each of the ten playoffs games we touted, you would now be down $50. Easy to make up. Now get ready to go 2-0 this weekend.  

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Bellagio Error May Be Biggest Sportsbook Loss for Las Vegas

The nearly quarter-million dollars in winning wagers reportedly placed at MGM Resorts last Sunday might be the largest sportsbook loss in Las Vegas history on bets made after an event has started.

Seven longtime Las Vegas bookmakers can’t recall a larger loss, the Las Vegas Review-Journal reports. But each oddsmaker has taken hits on past posts and said it’s a fairly common occurrence at books.

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