Casino Gambling Now Legal In Virginia

On Wednesday, July 1, more than 1,200 new laws took effect in Virginia—including one legalizing casino gambling, if local voters approve gambling operations in their communities in the November election. Casino gambling will be regulated by the Virginia Lottery Board. The five locations specified are in Bristol, Danville, Norfolk, Portsmout and Richmond.

Sports betting also now is legal, although wagering on games including in-state colleges or universities is banned.

Casino adjusted gross receipts will be taxed at 18 percent to 30 percent, depending on the licensee’s annual adjusted gross receipts. Licensees will pay taxes of 18 percent to 30 percent on adjusted gross receipts, depending on the licensee’s annual adjusted gross receipts.

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On This Day In Sports History

On May 4, 1985, the well-rested Edmonton Oilers opened the Campbell Conference Finals by crushing the Blackhawks 11-2. Eight different players scored in the rout, led by two goals each from Jari Kurri, Charlie Huddy, and Glenn Anderson. The victory set the tone for a dominant 15-3 postseason run, culminating in the Oilers' second consecutive Stanley Cup title.

On This Day In Sports History

On May 3, 2003, 12-1 underdog Funny Cide made history as the first New York-bred and the first gelding since 1929 to win the Kentucky Derby, defeating favorite Empire Maker. After a dominant 9 3/4-length victory in the Preakness Stakes, his Triple Crown bid ended with a third-place finish on a sloppy track at the Belmont Stakes.