Virginia Sports Betting News. Thanks to the passing of both sb384 and hb896 granting virginia the power to administer betting licenses to operators, regulated sports betting is now well on its way in the old dominion. Sports fans in virginia could be able to place their first legal sporting wagers in early 2021 following the formal approval this week of a regulatory framework for sports betting.
Virginia sports betting could launch before the end of the year after the state became the second to legalize sportsbooks in 2020. The sports betting application window closed on halloween with “significant industry interest,” deputy director of gaming compliance gina smith said. The lsr podcast crew discussed the launch and other top stories on the most recent episode.
The identical bills bill passed in april, but it will not be in effect until july 1st, 2020.
This includes regulation, licensing, auditing, and compliance for gaming operators, equipment manufacturers and distributors, suppliers and employees. Now that virginia has legalized sports betting, the virginia lottery board has only until september 15 to build and approve regulations. Virginia became just the second state to regulate sports betting in 2020. Sports betting for virginia residents is now legal within state lines.