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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.Manifold benefits:Ezra Kucharz, Chief Business Officer for DraftKings Incorporated, used the press release to pronounce that the fresh alliance has also granted his firm the right to utilize the New Jersey-based club’s official trademarks and is to additionally see it ‘recognized as a sponsor and exclusive category advertiser’ across a multitude of television, radio and social media channels....
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