- Golden Nugget Online Sportsbook officially launched in Virginia on Wednesday morning, becoming the ninth online operator in the state.
- This launch comes after a two-month delay from the mid-August estimate provided by the Virginia Lottery.
RICHMOND, Va. – Virginia sports bettors have another option to wager on sporting events after Golden Nugget Online launched Wednesday morning, becoming the ninth online sportsbook available to Virginians.
Golden Nugget was one of three online sports betting operators approved by the Virginia Lottery in March. The Virginia Lottery anticipated a launch in mid-August for Golden Nugget; however, after DraftKings bought Golden Nugget for $1.5 billion in August, the launch was delayed.
The Golden Nugget In Virginia Is In Good Company
Golden Nugget is the second of the three operators approved in March to launch after Barstool Sportsbook went live in August. The only operator of the group that has yet to launch is BallyBet; BallyBet is expected to launch no sooner than the fourth quarter of 2021, and more realistically early 2022, as they continue to work on integrating newly acquired technology into their platform.
Even before Wednesday’s rollout, Virginia sportsbooks were enjoying a relatively lucrative stretch, taking in $182.4 million in handle during August. This is up 12.4% from their July handle of $161.9 million, the lowest monthly handle since Virginia launched their sports betting industry. Virginia accrued $1.4 million in tax revenue on sports gaming for the month.
FanDuel led all Virginia sportsbooks in July (the last month in which a monthly sports betting report was released) in revenue, total handle, and promotional spending.
Besides the aforementioned Golden Nugget Online, Fanduel, and Barstool sportsbooks, there are six other online sportsbooks available for Virginia residents: BetMGM, WynnBET, DraftKings, Unibet, Caesars, and BetRivers sportsbooks.
Outside of these state-regulated sportsbooks, Virginia sports bettors can still utilize overseas-based online sportsbooks like Bovada; these sportsbooks will not have a “hometown premium,” meaning overseas-based online sportsbooks may be the best choice when wagering on local teams.
Jerad has been a welcomed addition to the LegalSportsBetting.com writing team. Covering topics regarding the expansion of sports betting in the US, Jerad focuses on legislative efforts, bill signings and other methods for sports betting legalization. Finishing his education as a college baseball player, Jerad has first-hand knowledge of competitive sports, paired with years of personal sports betting as well. As a political science major at the University of Central Florida, Jerad covers the political, legal, and legislative aspects of sports gambling without any issues.