Virginia sports betting regulations approved

Licence applications will be received in October.
Licence applications will be received in October.

Sports betting was legalised in the state in early July, with the Virginia Lottery Board given the role of regulatory body.

US.- The Virginia Lottery Board has approved proposed sports betting regulations after the fifty-six day public consultation period ended on September 9.

The next step now for the launch of sports betting in the state will be reviewing licence requests from operators.

The Virginia Lottery Board will receive applications from October 15 until midnight on October 31. They will then be subject to a 90-day review period.

Sports betting was legalised in the state on July 1 and the Virginia Lottery was assigned as the regulatory body.

As part of the public consultation on its regulatory framework, it received 183 comments from various companies and sports leagues. The Lottery’s deputy director Gina Smith said each comment was read and reviewed.

Executive director Kevin Hall, said: “Creating a regulatory structure for sports betting within the aggressive timeline that was mandated by the legislature consumed a lot of bandwidth over the summer. And today’s board action will represent a really significant step forward.”