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Hall reportedly declared…“Creating a regulatory structure for sportsbetting within the aggressive timeline that was mandated by the legislature consumed a lot of bandwidth over the summer and today’s Virginia Lottery Board action represents a really significant step forward.”According to a Tuesday report from local television broadcaster WWBT-TV, the governor-appointed panel authorized the jurisdiction’s first-ever rules on sportsbetting yesterday after responding to feedback from several prominent operators and is now hopeful of being able to kick off the required licensing process from sometime next month....

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Hall reportedly declared…“Creating a regulatory structure for sportsbetting within the aggressive timeline that was mandated by the legislature consumed a lot of bandwidth over the summer and today’s Virginia Lottery Board action represents a really significant step forward.Serious sanctions:This new franchise tax is to be applied to the higher of either a local iGaming operator’s monthly gross turnover or a pre-arranged revenue minimum.’Guelli’s statement read…“Our enhanced agreement with DraftKings Incorporated provides innovative opportunities as we look to deliver a best-in-class fan experience....

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”According to a Tuesday report from local television broadcaster WWBT-TV, the governor-appointed panel authorized the jurisdiction’s first-ever rules on sportsbetting yesterday after responding to feedback from several prominent operators and is now hopeful of being able to kick off the required licensing process from sometime next month. The source detailed that the revised structure has been designed to bring in more cash so as to help fill an estimated ....

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