Tag: virginia sports betting
More Virginia sports betting licenses handed out
Virginia Sports Betting Bill Filed Ahead of 2019 Session
The post Virginia Sports Betting Bill Filed Ahead of 2019 Session appeared first on SportsHandle.
Virginia on Tuesday became the latest state to make an earnest move toward legalizing sports betting in 2019 when Delegate Mark Sickles (D-District 43) prefiled HB 1638 ahead of the opening of the legislative session on Jan. 9, 2019. The bill, which will be referred to committee for discussion, calls for a 15 percent tax rate on sports betting adjusted gross revenue, and a $250,000 licensing fee. There is no mention of a “royalty” or “integrity fee” to be paid to the professional sports leagues.
Lawmakers in Tennessee and Kentucky have also prefiled bills ahead of their sessions and several other states, including Michigan, Maryland and Massachusetts have publicly discussed sports betting recently.
Since the Supreme Court struck down the Professional and Amateur Sports Protection Act in May, seven states states outside of Nevada have either legalized or seen its authorized licensees begin accepting sports bets. Although Virginia is very much not a gaming state as casinos are prohibited by law, apparently sports betting may be on the table.
Read more Virginia Sports Betting Bill Filed Ahead of 2019 Session on SportsHandle.