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suffix sporadically in vogue in U.S. colloquial word formation since c.1840 (cf. dullsville, palookaville), abstracted from the -ville in place names (Louisville, Greenville, etc.), from Old French ville "town," from Latin villa (see villa).
Profits of a bookmaker, a usurer, a criminal conspirator, a casino, etc: I'm not nailing you no vig for last week/ About 180 percent a year in interest, known in the trade as vigorish, vig, or juice
[1908+ fr gambling; probably fr Yiddish fr Russian vyigrysh, ''profit, winnings'']