License Name
Virginia Sports Betting Permit
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Issuing Country/Region
Virginia, USA
Regulatory Body
Virginia Lottery
Types of Regulated Games
Sports betting (online and retail)
Market Coverage
Local (Virginia only)
Regulator's Reputation
Good
Legal Entity Requirements
Applicant must be registered to do business in Virginia
Directors and Shareholders Requirements
Background checks required for all principals; disclosure of ownership interests
Anti-Money Laundering (AML) Requirements
Compliance with AML policies required
Data Protection Requirements
Operators must protect confidential information of bettors
Reporting Requirements
Monthly financial and tax reporting
Audit Requirements
Subject to audit by the Virginia Lottery
Software Certification Requirements
Not explicitly stated in regulation, but technical standards must be met
Payment System Requirements
Use of certified payment providers required
Server Location Requirements
Betting must be initiated/received within Virginia
Language Support Requirements
English mandatory
Currency Support Requirements
USD only
Legal Compliance Costs
Costs include application, license, and background check fees
Background Checks
Principals require extensive background investigations
License Scope Restrictions
No betting on Virginia college sports or youth sports; no proposition bets on college sports
Jurisdictional Tax Compliance
Subject to Virginia state tax law
Player Data Storage Requirements
Operators must ensure secure storage of player data
Cross-Border Operations
Operations must be conducted within Virginia borders unless federal law permits otherwise
License Application Transparency
Application details reviewed by regulator, not all public
Regulatory Contact Point
Virginia Lottery sports betting division
Compliance Officer Requirement
At least one compliance role required by operator
Legal Dispute Resolution
Virginia courts have jurisdiction
License Transferability
License transfer requires regulatory approval
Sub-Licensing Rules
Not permitted
License Cost
$250,000 application/license fee (valid for 3 years)
Annual Fees
$200,000 renewal (every 3 years)
Income Taxes
15% tax on adjusted gross revenue
Player Winnings Taxes
Operators must issue tax forms for winnings meeting reporting threshold
Financial Guarantees
Not publicly specified
Financial Reporting Requirements
Monthly reporting required
Application Processing Time
Up to 90 days from submission of completed application
Required Documents
Business plan, ownership structure, background check authorizations, compliance policies, technical standards, proof of financial viability
Business Plan Requirements
Business plan submission required
Internal Policy Requirements
AML, responsible gaming, self-exclusion procedures required
Testing Requirements
Technical testing may be required by the Lottery
Certification Requirements
Certification of technical standards required by regulation
Staff Qualifications
Key staff must pass background checks and meet suitability standards
Physical Office Requirements
Must have a business presence in Virginia
Marketing Restrictions
Restrictions on advertising to minors and responsible gaming messages apply
Responsible Gaming Measures
Mandatory self-exclusion, support for responsible gambling, reporting to Problem Gambling Committee
Self-Exclusion System
Self-exclusion required and shared among all operators
Age Verification Procedures
Strictly enforced; minimum age 21
KYC Procedures
Comprehensive KYC procedures required
Customer Support Standards
Support in English required
Complaint Handling Procedures
Operators must establish process for complaint resolution
Player Funds Protection
Segregation of player funds from operational funds required
Payout Timelines
No specific statutory deadlines, but timely payouts enforced by regulation
Bonus and Promotion Regulations
Promotions may be deducted for tax purposes if compliant
Permitted Games List
No betting on youth or VA college sports, proposition bets on college sports prohibited
Betting Limits
No statutory minimums or maximums in regulation
Live Game Requirements
Allowed (in-play betting), but must use official league data for settling some wagers
Mobile App Compliance
All licensees may offer mobile apps, subject to approval
Affiliate Program Rules
Permitted within regulatory guidelines
Security Standards
Technical and data security standards required by state regulations
Encryption Requirements
Encryption of sensitive data required
Backup Requirements
Not explicitly stated
Monitoring Systems
24/7 monitoring, reporting of suspicious activity mandatory
Operation Logging
Audit trails and logging required
Anti-Fraud Systems
Measures to prevent and report suspicious or unlawful activity mandatory
License Duration
3 years
Renewal Procedure
Renewal application and compliance review, fee of $200,000
Penalties for Non-Compliance
Fines, license suspension, or revocation for violations
Ownership Change Rules
Regulatory approval of ownership or control changes required
Branding Requirements
Operators may use their own brands, but only one brand per permit
Dispute Arbitration
Civil courts have jurisdiction; regulator may mediate in some cases
Insurance Requirements
Not publicly specified
Staff Training Requirements
Employees must obtain appropriate licensure and undergo training
Accessibility Standards
Not explicitly stated; compliance with general accessibility law likely required
Multilingual Support
English support mandatory; additional languages optional
Esports Betting Regulations
Esports betting permitted under sports wagering license
Fantasy Sports Regulations
Fantasy sports addressed under separate law
Official Address
Virginia Lottery, 600 East Main Street, Richmond, VA 23219
Online Application Portal
https://www.valottery.com
Work Hours
Monday to Friday, 8:30 AM–5:00 PM
YouTube URL
https://www.youtube.com/watch?v=D8inMeQomCE
Departments
Regulatory Operations, Gaming Compliance, Legal, Policy, and Problem Gambling Prevention
FAQ Question 1
What is Virginia Sports Betting Permit?
FAQ Answer 1
The Virginia Sports Betting Permit authorizes operators to offer regulated sports betting in Virginia under the oversight of the Virginia Lottery
FAQ Question 2
Which jurisdiction issues Virginia Sports Betting Permit?
FAQ Answer 2
The state of Virginia, through the Virginia Lottery, issues the Virginia Sports Betting Permit
FAQ Question 3
What is the cost of obtaining Virginia Sports Betting Permit?
FAQ Answer 3
The license costs $250,000 for three years with a $200,000 renewal fee
FAQ Question 4
What are the main requirements for Virginia Sports Betting Permit?
FAQ Answer 4
Key requirements include business registration in Virginia, background checks, technical standards, AML and responsible gaming compliance, and monthly tax reporting