- When can I bet on sports in Virginia?
- What's next for Virginia sportsbetting
Back in July, the Virginia Lottery released an initial round of regulations for sports betting, and the August update has seen a number of sections added to detail rules for insurance requirements, liability pooling, financial, record keeping & banking requirements, permissible wagers, requests from sports governing bodies, use of official league data, security assessment, minors and prohibited players, integrity monitoring, investigations & reporting, advertising & marketing, reporting & requirements, geolocation systems, player accounts and internal control standards.
This comes after Governor Ralph Northam didn’t pass the sports betting bill, but instead sent the bill back to the general assembly with amendments. Now,
Plus, Virginia wants to know what their residents think—There’s a 30-day comment forum available until September 9 for anyone who wants to comment on the newly drafted regulations. The Lottery board will then votw to approve any legislation for Virginia sports betting.
According to an FAQ on their website, sports betting will actually be available for residents to wager on mid-December, and residents will be able to bet on sports online exclusively (excluding college sports, unfortunately). Since everything is online, Virginia residents can both bet on and register to bet on sports online, and don’t have to visit a land-based casino to register.
When it comes to gambling permits, the legislation says the lottery is to issue no less than four, but more than 12 permits. They’ll issue them within 90 days, however, permit holders as well as key personnel and supporting services must go through a financial and character background investigation to ensure they’re the right fit to operate a betting platform.
Executive Director of the Virginia Lottery, Kevin Hall says, “The Virginia Lottery takes very seriously its role assigned by the General Assembly to appropriately and responsibly regulate sports betting in the Commonwealth…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.”