Sports Betting will be available in Virginia pretty soon, assuming that the regulations that the Virginia Lottery will set will be approved. The regulatory and implementing office has a draft of rules and regulations which will be open for public comments. This means that any resident can go to the town hall website and leave their feedback for the next 60 days.
While a simple “yes” or “no” is what most people expect the government to do, there are a lot of details that need to be finalized. We at Bet Sports Online cover a lot of gambling industry news that touches on these details. In this case, the website of the Virginia Lottery will have information on the voluntary exclusion program, a consumer protection program, as well as the whole process for applications for permits. There is also a draft on sports betting regulations.
While the best PayPerHead sites can be established quickly and with affordable rates, Virginia gambling operators will have to pay a $250,000 sports betting license fee. As for other details on sports betting, the Lottery Office has also said that they are not interested in offering a payout cap for their bettors. This will allow sportsbooks to have a better chance at equal competition against each other, and against outside markets.
Virginia currently aims at having sports betting launched by 2021. If things happen according to plan, then the Lottery Board will be taking in applications starting October this year, and be open by January 2021. As to what sports people can bet, on, bettors will have a lot of options, which they can see in providers like Easy Pay Per Head. Even collegiate sports betting will be legal, except for betting on any local college sporting event or team. Prop bets on college sports are not allowed, however. And another odd exemption, is that residents will not be able to bet on Olympic sports.