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Virginia’s new sports betting industry is set to grow into one of the largest markets in the country, according to research released this week.
Analysts PlayVirginia say that the market couldultimately generate more than $5 billion in annual wagers, andas much as $400 million in revenue, with $60 million going to statetaxes.
Last month, Virginia became the 20th USstate to offer sports betting. And early indications are that the state is inthe position to become one of the most lucrative markets, with forecast revenueof almost $1 billion and $125 million in state taxes by 2024.
Virginia’s likely strength as a betting hub is due to anumber of factors. The state has a large number of sports fans, and is also ina strong position to draw customers from Washington DC, where there has beensome dissatisfaction with the state of the sports betting sector, and the cityof Baltimore, at least until the state of Maryland launches its own sportsbetting market. Virginia may also be able to draw some business from NorthCarolina.
The state launched as a solely online market, which is relativelyrare in the new US betting sector, and puts Virginia in a strong position comparedto states that require in-person betting. Virginia also has a tax structure thatis considered favourable for the growth of the sector. The state’s regulatoryframework imposes a 15% tax rate on sports betting revenue. Although this is a higherrate than most states, it is below both Tennessee and Pennsylvania and both ofthose territories have generated considerable revenue from their sports bettingindustry.
The launch of Virginia sports betting has also happenedat one of the busiest times of the year in sport, with the Super Bowl taking placelast weekend.
Bingo similar to what you find at Wink Bingo, which is a massively well-known online brand, will be delivered by Dragonfish software wherever it is found.
You see, 888, the parent of the Dragonfish game studio, licenses the gaming system to various websites. In particular, a very popular group of sister-sites, if you will, has Dragonfish, and a great number of members because of that.
There are many reasons this brand of bingo is so successful, and we shall look into a few of them now. Let’s start by checking out the range of Wink’s Dragonfish sister sites.
Many Winks at You
Wink-Bingo is also affiliated with:
Tasty Bingo [See Full Review]
Bingo Street [See Full Review]
Red Bus [See Full Review]
Big Brother Bingo
All of these sites are running the Dragonfish system, or the same back-end, as well as offering many of the studio’s built-in promotions on their front ends. For example, all of the popular sites listed above feature the St. Paddy’s Pot O’ Gold seasonal contest or the Joy of Bingo Jackpot.
This group of bingo destinations share a zippy sense of community, common celebration of winners and exciting progressive jackpot opportunities. The welcome bonuses, too, tend to be similar with at least 200%-worth of welcoming deposit-matches.
Similar but not Same
Now, if you have seen all of the Wink-affiliated sites and you’re curious what else is out there that performs as well, then the good news is that other bingo establishments swim with Dragonfish, too.
What you’re looking for is, of course, the same bingo system, firstly. That gives you great fun and promotions to keep that fun going.
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Another aspect of great sites like Wink is their ability to handle your PayPal-Bingo deposits, for the ultimate in online safety. PayPal is the online banking benchmark accepted worldwide — a bit like the 21st Century American Express for the Web, if you will.
Whether you are playing mobile bingo yet or not, this is the cutting edge for Web-based bingo. Most of the standard desktop games have already migrated to mobile apps, and meanwhile this new king of platforms is developing its own technical graces (such as live mobile bingo or casino games).
A good example of a beloved bingo hub that is quite similar to Wink &Co yet has its own mood is Hollywood Bingo. It competes by offering a full 300% welcome bonus and a strong focus on community.
When you look at the site you feel as though you’re looking at a family or friends photo album, the way Hollywood flaunts its winners and chat moderators.
Joy of Bingo
These promotions are based upon the Joy of Bingo Network, which is basically composed of the Wink sites above. There is a special set of guaranteed or coverall jackpot games shared by the Network sites, as well as a £100,000 jackpot — the Joy Pot.
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Joy of Bingo also has a loyalty points system called the Joy Gem VIP Club. As you would expect, membership to the club gives you special promotions and preem-o gifs like concert tickets and VIP events that are likely to pamper you.
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We trust that you now understand why Joy of Bingo sites like Wink are a standard that other sites either copy or try to compete against!