License Name
Virginia Lottery Sports Betting Permit
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Issuing Country/Region
United States (State of Virginia)
Regulatory Body
Virginia Lottery Board
Types of Regulated Games
Sports betting (online and land-based)
Market Coverage
Local (Virginia)
Regulator's Reputation
Good
Legal Entity Requirements
Applicant entity investigated; background, credit, and tax checks required
Minimum Share Capital
[Not found in publicly available sources]
Directors and Shareholders Requirements
Key personnel must undergo background, credit, and tax checks
Anti-Money Laundering (AML) Requirements
Internal controls must include AML compliance standards
Data Protection Requirements
Must protect confidential bettor information; player data prerequisites specified
Reporting Requirements
Reports as required by director; must provide required financial and integrity reports
Audit Requirements
Annual independent audit required by certified public accountant
Software Certification Requirements
RNG and RTP testing by approved labs required for sports betting software
RNG Certification
RNG testing and certification required by approved third-party labs
Payment System Requirements
Use of approved payment processing services required
Server Location Requirements
[Not found in publicly available sources]
Domain Name Requirements
[Not found in publicly available sources]
Language Support Requirements
English required
Currency Support Requirements
US Dollar (USD) mandatory
Legal Compliance Costs
$250,000 issuance fee plus legal/compliance fees; additional costs per principal and vendor
Background Checks
Required for all key personnel (criminal, credit, tax records)
License Scope Restrictions
Only sports betting permitted; separate permits required for other gaming
Jurisdictional Tax Compliance
Subject to Virginia state and US federal tax law
Player Data Storage Requirements
Maintain secure player accounts and confidentiality per regulation
Cross-Border Operations
Bets must be placed by persons physically located in Virginia
License Application Transparency
Extensive background and transparency in application required
Regulatory Contact Point
Virginia Lottery Board
Compliance Officer Requirement
[Not found in publicly available sources]
Local Partnership Requirements
No local partnership required except for facilities holding pro sports events
Legal Dispute Resolution
Disputes subject to Virginia law and courts
License Transferability
License not transferable or assignable
Sub-Licensing Rules
Sub-licensing not permitted
Video
License Cost
$250,000 nonrefundable permit issuance fee; $50,000 per principal; $125,000 supplier fee
Annual Fees
[Not found in publicly available sources]
Income Taxes
15% tax on adjusted gross revenue for operators; player winnings taxed federally and by Virginia
Player Winnings Taxes
24% federal and 4% Virginia tax withheld on winnings over $5,000; Form W-2G for >$600
Financial Guarantees
Operator must hold player funds in reserve; minimum $500,000 reserve
Liquidity Requirements
Must maintain sufficient reserve for all outstanding wagers/accounts (min. $500,000)
Financial Reporting Requirements
Annual audited financials, reports as required by director
Application Processing Time
Up to 90 days from complete application submission
Required Documents
Extensive background, business, and technical documentation; entity, principal info
Business Plan Requirements
Detailed business plan required as part of application
Internal Policy Requirements
Internal controls including AML, fraud, and integrity policies required
Testing Requirements
Sports betting platform and RNG certification by approved labs
Certification Requirements
Approved third-party certification for RNG, RTP, sports betting software
Staff Qualifications
Key personnel must demonstrate fitness and pass background checks
Physical Office Requirements
[Not found in publicly available sources]
Local Representative Requirements
[Not found in publicly available sources]
Marketing Restrictions
Must present truthful, responsible gambling messaging; advertising limits apply
Responsible Gaming Measures
Comprehensive responsible gambling program; Play Responsibly resources
Self-Exclusion System
Operators must provide self-exclusion; Department facilitates exclusion sharing
Age Verification Procedures
Strict age verification; bettors must be 21+ for sports betting
KYC Procedures
Collection of SSN, address, DOB, ID for all players; multi-source authentication allowed
Customer Support Standards
[Not found in publicly available sources]
Complaint Handling Procedures
[Not found in publicly available sources]
Player Funds Protection
Funds must be held in reserve and segregated
Payout Timelines
Withdrawals from player accounts to be processed within 10 days
Bonus and Promotion Regulations
[Not found in publicly available sources]
Permitted Games List
Approved sports events/bets published and maintained by director
Betting Limits
Minimum reserve of $500,000 for player accounts; transaction thresholds set by operator policy
RTP Requirements
RTP testing required
Jackpot Regulations
[Not found in publicly available sources]
Live Game Requirements
[Not found in publicly available sources]
Mobile App Compliance
Must comply with all platform and regulatory requirements
Affiliate Program Rules
Affiliate marketing vendors must be registered and licensed
Security Standards
Internal control standards must meet or exceed industry norms as approved by director
Encryption Requirements
[Not found in publicly available sources]
Backup Requirements
[Not found in publicly available sources]
Monitoring Systems
Monitoring for suspicious activity, integrity compliance, and fraud prevention required
Operation Logging
Logs required for all operations affecting assets, accounts, or wagers
Anti-Fraud Systems
Fraud detection and prevention required as part of internal controls
API Integration Standards
[Not found in publicly available sources]
Hosting Requirements
[Not found in publicly available sources]
CDN Usage
[Not found in publicly available sources]
Scalability Requirements
[Not found in publicly available sources]
Uptime Requirements
[Not found in publicly available sources]
Technical Support Availability
[Not found in publicly available sources]
License Duration
Three years
Renewal Procedure
Renewal required before term expiration; fees apply; background review conducted
Penalties for Non-Compliance
Fines, suspension, or revocation for violations; potential legal action
Ownership Change Rules
Written notification and approval required for ownership/personnel changes
Mergers and Acquisitions Rules
Trigger new background checks and regulatory approvals
Subcontractor Regulations
Suppliers and vendors must be registered/licensed and approved
Branding Requirements
[Not found in publicly available sources]
Intellectual Property Protection
[Not found in publicly available sources]
Dispute Arbitration
[Not found in publicly available sources]
Insurance Requirements
$5 million general liability and $15 million error/omission insurance required
Charity Contributions
[Not found in publicly available sources]
Staff Training Requirements
Responsible gambling and compliance training required for all staff
Innovation Support
[Not found in publicly available sources]
Sustainability Initiatives
[Not found in publicly available sources]
Accessibility Standards
[Not found in publicly available sources]
Multilingual Support
[Not found in publicly available sources]
Cryptocurrency Support
[Not found in publicly available sources]
Esports Betting Regulations
Permitted; subject to director approval and published authorized events list
Fantasy Sports Regulations
Regulated separately by Department of Agriculture and Consumer Services
Official Address
Virginia Lottery, 600 East Main Street, Richmond, VA 23219
Postal Address
600 East Main Street, Richmond, VA 23219
Online Application Portal
https://www.valottery.com/aboutus/casinosandsportsbetting/sportsbetting
Work Hours
Monday–Friday, 8:30 AM–5:00 PM
Facebook URL
https://www.facebook.com/virginialottery
Twitter/X URL
https://twitter.com/virginialottery
YouTube URL
https://www.youtube.com/user/VALottery
Departments
Licensing and Compliance Department, Enforcement, Gaming Operations, Legal, Responsible Gaming, Security
FAQ Question 1
What is Virginia Lottery Sports Betting Permit?
FAQ Answer 1
The Virginia Lottery Sports Betting Permit authorizes legal sports betting operations in Virginia under regulations set by the Virginia Lottery Board. It establishes rules, controls, and responsible gaming obligations for operators, and limits play to those physically in Virginia
FAQ Question 2
Which jurisdiction issues Virginia Lottery Sports Betting Permit?
FAQ Answer 2
The permit is issued by the Virginia Lottery Board under the laws of the Commonwealth of Virginia
FAQ Question 3
What is the cost of obtaining Virginia Lottery Sports Betting Permit?
FAQ Answer 3
The permit requires a $250,000 nonrefundable issuance fee, plus additional fees for key principals ($50,000 each) and other costs for vendors and suppliers
FAQ Question 4
What are the main requirements for Virginia Lottery Sports Betting Permit?
FAQ Answer 4
Operators must undergo background and financial checks, maintain internal controls and security, meet responsible gambling and AML standards, have software certified by approved labs, reserve player funds, comply with tax law, and follow strict reporting and audit protocols