Kevin Hall, the executive director of the Virginia Lottery, the regulatory body for sports betting in the Commonwealth spoke to LegalSportsBetting regarding the current status of its progression. Mobile and internet sports betting platforms in Virginia should see a public launch in early 2021. A … Read more
Virginia sports betting was legalized on April 22. The website set up by the Virginia Lottery is designed to inform potential sportsbook owners. Sports betting laws will start to become enacted on July 1, 2020. RICHMOND, Va. – The Virginia Lottery has set up a … Read more
Virginia sports betting has officially been made legal now that VA Governor Ralph Northam has signed off on three bills. The Virginia Lottery has until September to draw up rules and regulations, but the bills will be enacted into law July 1. RICHMOND, Va. – … Read more
Governor Ralph Northam requested various amendments to bills centering around legalizing sports betting in Virginia. Special sessions took place on Wednesday to discuss and vote on the amendments requested by the Governor where all were passed. Governor Northam will have until May 28 to either … Read more
There are three bills to legalize sports betting in Virginia that are awaiting action from Governor Ralph Northam. Northam received the bills on March 20 and has until April 11 for all final decisions to be made. The legal sports betting market in Virginia could … Read more
The Virginia legislative session adjourns on March 7. Sports betting legalization has been at the forefront of conversation this session with bills VA HB 4, VA HB 896, and VA SB 384. All three bills have the potential to be passed along to Governor Ralph … Read more
Annual revenue estimates show numbers exceeding a $400 million gain from the legal sports betting market in Virginia. From these projections, most of the business would be coming from the mobile and internet wagering platforms. While both bills include retail locations, an online-only sportsbook would … Read more
Sports betting has now become legal in thirteen states with six other states in line to do the same. Virginia estimates a tax revenue of $55 million annually from sports wagers which is very minor in comparison to the overall estimate of $367 million from … Read more