Rush Street Starts Operation of Online Gambling in Virginia

Rush Street Gaming is celebrating the expansion of its offering to Virginia customers. The land-based casino is now officially entering the mobile gambling market. Rush Street became the first land-based casino to receive an online sportsbook license. Rush Street launched the service with BetRivers.com. With this, the customers will now have four different options for an online sportsbook.

Rush Street Interactive, the online arm of the casino has started to accept the wagers after the Virginia Lottery Board handed the license. For the time being, it will be limited to sports wagering, however, it might change down the road. Virginia already has FanDuel, DraftKings, and BetMGM offering the sports wagering.

Virginia has now a new gambling bill and that is helping the state to find new sources of revenue. The bill has authorized 12 sports gambling licenses, however, with a clause of “a permit shall not count toward this maximum if it is issued pursuant to an applicable major league sports franchise.”

For RSG, the company is opening a casino resort, Rivers Casino Portsmouth. It is also extending the online gambling operations. The planned casino resorts are expected to be built on $300mn. The residents of the city approved a ballot measure the last November to build it. Apart from it, Bristol, Danville, Norfolk will also have gambling properties. Hard Rock International is approved for Bristol and for the other two cities, arrangements are still being made. However, the name of Caesars for Danville and Pamunkey Indian Tribe for Norfolk casinos.

The US has 21 states with a legal sports gambling market, 14 of which have online sports gambling. The number has increased largely after the Supreme Court killed PASPA. Some analysts believe that, by 2024, at least 40 states could have a legal sports gambling market.

Source: https://calvinayre.com/2021/01/28/business/rush-street-going-live-with-mobile-sportsbook-in-virginia/

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