by Christina Monroe | Sep 11, 2020 1:57 pm | Regulatory
The Virginia Lottery has released its draft of sports betting rules and regulations and sportsbooks are displeased. Once the launch of the sports wagering industry takes place, the Commonwealth expects to see $55 million in annual revenue from the market. RICHMOND,...
by Daniel Borjas | Aug 11, 2020 9:56 am | Regulatory
Additional regulations for sports betting in Virginia are available for public view. The additional regulations pertain to insurance requirements and more for sportsbooks. Virginia sports betting is setting up to launch on January 2021. RICHMOND, Va. – The Virginia...
by Adia Randall | Jul 16, 2020 10:23 am | Regulatory
Initial regulations for sports betting in Virginia have been posted on the state’s Lottery website for public review. The framework of legal sports betting odds will be set in September and the first official bet can be taken in early 2021. There are four casino...
by Christina Monroe | Jul 7, 2020 3:16 pm | Regulatory
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...
by Carter Floyd | Jul 5, 2020 7:00 am | Revenue
COVID-19 has created an estimated $615 billion hole in state budgets through public health expenses and lost tax revenues. Many states have turned to sports betting odds as one potential avenue to mitigate the economic losses caused by COVID-19. Since the near start...
