A $1 million donation to the five historically Black universities in Virginia.

Seeking to make a big splash, that’s the way Golden Nugget Online Gaming Inc. and its minority partner, Virginia Sports Tech- nology Group, entered the sports betting field on Wednesday.

The donation was presented at a ceremony Wednesday at Virginia Union University. The money is to be split equally —$200,000 apiece—to VUU, Virginia State, Hampton and Norfolk State universities and Virginia University of Lynchburg.

The gift to the schools coincided with the launch of Golden Nug- get’s online sports wagering in Virginia, company officials said.

According to Jeff Kelley, spokesman for the online gambling operation, Golden Nugget also has promised an annual gift to the schools of 4 percent of net gaming revenue. He stated that the yearly gift would be no less than $500,000, or $100,000 per school.

Golden Nugget lost out in the competition to build a Richmond casino and turned to sports betting to get in on the growing betting action on sporting events.