Governor Glenn Youngkin is calling the General Assembly to convene for a special session on April 4 to finish work on the budget and other bills that were carried over at the end of the recent session. “Today I am calling back lawmakers to Richmond to finish their work. Between…
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RICHMOND, Virginia—Welcome to Godzilla Madness, your guide to money making selections for March Madness! Its Sweet 16 Time!
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ATLANTA, Georgia-Welcome to Godzilla Madness, your guide to money making selections for March Madness!
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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.
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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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