Legislation
US – Virginia Lottery releases full draft regulations for 12 online sports betting licences
By Phil - 10 August 2020
The full draft of sports betting regulations was released for public comment today by the Virginia Lottery. The document incorporates the initial regulations regarding consumer protections, a “Sports Bettor’s Bill of Rights,” and the application process that was previously released on July 15.
The Lottery is authorised to issue up to 12 licenses for internet-only sports betting platforms. The statute permits betting on most major league and college sports, though wagers on games involving teams from Virginia colleges and universities are banned. Sports betting operators must verify customers are at least 21 years old and physically located in Virginia to legally place an online sports bet.
The proposed regulations released for comment today deal with topics including operations, internal controls and enforcement. The Virginia Lottery Board is accepting public comments regarding the regulations through September 9.
The Lottery Board was assigned regulatory responsibility for sports betting and casinos in the Commonwealth by the 2020 General Assembly. The deadline for the Board to approve final sports betting regulations is 15 September. After that, applications for licenses will be accepted beginning in October. Licensed mobile platforms could begin offering the first legal wagers on sports in Virginia in January 2021.
The full regulations can be viewed at the Virginia Lottery website.
“The Virginia Lottery takes very seriously its role assigned by the General Assembly to appropriately and responsibly regulate sports betting in the Commonwealth,” said Virginia Lottery Executive Director Kevin Hall. “The regulatory framework we are building now is vital to the process, and we are committed to doing so with transparency to allow stakeholders and the public to weigh-in on these preliminary rules-of-the-road for sports wagering in Virginia.”
