Published 3 years ago

Bettors win, tax coffers lose in Virginia sportsbooks’ debut

Summary by Washington Top News

RICHMOND, Va. (AP) — Sportsbooks actually lost money in Virginia in their January debut taking wagers on athletic events thanks to the aggressive promotions offered to court customers.As a result, the state collected a paltry $40,000 in taxes.The Virginia Lottery on Monday released revenue and tax figures for sports gambling from its Jan. 23 launch through the end of the month.The lottery says $58.

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Washington Times

Bettors win, tax coffers lose in Virginia sportsbooks’ debut

RICHMOND, Va. (AP) - Sportsbooks actually lost money in Virginia in their January debut taking wagers on athletic events thanks to the aggressive promotions offered to court customers. As a result, the state collected a paltry $40,000 in taxes.The Virginia Lottery on Monday released revenue and tax figures for ...

3 years ago·United States

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Washington Top News

Bettors win, tax coffers lose in Virginia sportsbooks’ debut

3 years ago·Washington, United States

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NBC Washington

Bettors Win, Tax Coffers Lose in Virginia Sportsbooks' Debut

Sportsbooks actually lost money in Virginia in their January debut taking wagers on athletic events thanks to the aggressive promotions offered to court customers

3 years ago·Washington, United States

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WTVR

Bettors win, tax coffers lose in Virginia sportsbooks' debut

RICHMOND, Va. -- Sportsbooks actually lost money in Virginia in their January debut taking wagers on athletic events thanks to the aggressive promotions offered to court customers. As a result, the state collected a paltry $40,000 in taxes. The Virginia Lottery on Monday released revenue and tax figures for sports gambling from its Jan. 23 launch through the end of the month. The lottery says $58.9 million was wagered, with $55.3 million in winn…

3 years ago·Richmond, United States

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