Virginia Lottery Board Approves Sports Betting Regulations
The Virginia Lottery Board has approved the proposed sports betting regulations after the fifty-six day public consultation period ended on September 9.
As part of the public consultation, it received 183 comments from various companies and sports leagues. The Lottery’s deputy director Gina Smith said each comment was read and reviewed.
“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,” Executive director Kevin Hall said.
The next step is reviewing the license requests from operators. The Lottery Board will receive applications from October 15 until midnight on October 31. They will then be subject to a 90-day review period.
