Virginia releases draft betting regulations

Virginia Lottery has released its full draft of sports betting regulations for public comment, incorporating the application process previously released on 15 July and a ‘Sports Bettor’s Bill of Rights’.

virginialottery

The proposed regulations cover topics such as operations, internal controls and enforcement. The Virginia Lottery Board is accepting public comments concerning the regulations until 9 September.

“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.”

The Lottery Board was assigned regulatory responsibility for sports betting and casinos in the Commonwealth by the 2020 General Assembly, with the deadline for final approval betting regulations set for 15 September.

From there, applications for licenses will be accepted in early October, and licensed mobile platforms could begin offering the first legal wagers on sports in Virginia by January 2021.

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