Online gaming accounted for 21% of lottery revenue in Virginia


Online contests launched statewide on July 1

Posted

March 17, 2021




through

Kate andrews


Virginia Lottery Logo

The Virginia Lottery grossed $ 436 million from online lottery games between their launch on July 1, 2020 and the end of February, accounting for 21.8% of total state lottery revenue of $ 2 billion during this period.

According to a press release issued on Wednesday, 163,000 players have won prizes playing the online lottery, including the games Mega Millions, Powerball and Cash4Life.

The lottery generated $ 595 million for K-12 education in fiscal 2020, and it plans to break sales and profit records in fiscal 2021, which ends. June 30.

Gambling options have widened in Virginia in recent months; Along with the Virginia Lottery online gaming, the state legalized sports betting in January and currently has eight licensed sports betting operators. Bally’s and the Golden Nugget – casino companies vying for the Richmond casino project – have received a temporary license from the Virginia Lottery to operate sports betting, but are not currently active. In January, Virginians wagered $ 58.9 million with mobile sports betting.

Under current law, the lottery can award 12 mobile betting licenses, but Gov. Ralph Northam is considering legislation that would increase the number of licenses available. Sports betting platforms owned by a minority or that will provide assistance to a historically disadvantaged community or historically black colleges and universities in Virginia can license without counting the total of 12 licenses in the bills passed during the recent session of the General Assembly. Northam has until the end of March to sign the invoices.

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