Virginia Lottery approves sports betting regulations
The Virginia Lottery Board has approved sports betting rules, clearing the way for the licensing process to begin next month.
Earlier this year, Virginia lawmakers passed a bill to legalise online and mobile sports betting, which will allow wagering on professional collegiate sports event, excluding Virginia-based college and university teams.
Lawmakers in June then began accepting written suggestions from sports leagues and sportsbook operators as it developed rules for the market. Preliminary draft regulations were posted online for public comment from July 15 until September 9.
The Virginia General Assembly had required the Virginia Lottery Board to give its approval to the regulations by September 15.
“We have received and evaluated several hundred comments and suggestions submitted by citizens, sports betting and casino operators, and most of the major professional sports leagues, including the National Football League, Major League Baseball, National Basketball Association and the Professional Golfers’ Association,” Virginia Lottery executive director Kevin Hall said.