The launch of sports betting has brought a wave of advertising by many of the companies involved.

According to an April presentation from the lottery, the top three companies so far in Virginia by market share are FanDuel, DraftKings and BetMGM.

Of those three, only BetMGM paid state taxes in the first two months of legal gambling – the other two companies were able to write their tax bill down to zero because of their aggressive promotional efforts.

That changed in March, and as the market matures, JLARC has projected annual tax revenues of $55 million from sports betting, combining both online services and in brick-and-mortar casinos once those open their doors.

The Lottery also indicated that it would consider awarding as many as five additional sports betting licenses during the next licensing period – applications for that process were due at the end of May.

The companies currently licensed are: FanDuel, DraftKings, BetMGM, BetRivers, Caesars/William Hill, Wynn, Golden Nugget, Bally’s, Penn Sports/Barstool and Unibet.