In 2019, voters in Virginia legalized sports betting via a ballot referendum. This was boosted by a law that was passed by the state legislature in April and went into effect this past July.
This month, the Virginia Lottery Board approved state regulations for sports betting, clearing the way for licencing to begin in October.
People in VA will be able to place wagers on any sports activity that does NOT include a collegiate Virginia team. That means, you WILL be able to place wagers on NCAA sports; just not if a team happens to be playing against a Virginia team.
Prop bets on collegiate teams and wagers on injuries are also not allowed.
All other wagers should be allowed under current Virginia law.
While the same law has legalized the building of land-based casinos, sports betting is expected to go live virtually.
The law requires that there be at least four mobile platforms, but no more than 12. In order to go towards this overall count, the mobile platforms cannot be tied to a casino or facility. Obviously, this is great news for sites like FanDuel and DraftKings who already enjoy a huge following in many states.
There is no set launch date. However, all signs are pointing towards early 2021; January or February.
There are a lot of minute details that go into legalizing sports betting, and doing so in such a short time frame is certainly no small task. So, not having a set timeline allows VA to make sure they have everything in place to get it right straight out of the gate.
Virginia Lottery executive director Kevin Hall was quoted as saying, “It’s important to get it right and get it right the first time.”
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