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The four-member Virginia Lottery Board has reportedly approved a final series of regulations that could see the historic southern state launch legalized online sportsbetting as soon as early next year.”According to a report from Inside Asian Gaming, the new Bayanihan to Recover as One Act is to require iGaming firms possessing a Philippine Offshore Gaming Operator (POGO) license to pay a 5% tax on turnover rather tlive roulette 10 cent opgbhan revenues with an official exchange rate utilized to calculate the local equivalent of any amount owed in foreign currencies....
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Legislative license:Both houses of the Virginia General Assembly comfortably passed legislation to legalize sportsbetting earlier this year before reportedly tasking the Virginia Lottery Board with formulating a detailed set of rules to regulate how the growing industry is to be operated.Important injunction:The broadcaster reported that the new tenets maintain a long-touted ban on wagers concerning the Olympic Games but are to allow sportsbetting to be premiered via online and mlive roulette 10 cent opgbobile platforms before later possibly permitting such activities to be offered at up to five licensed land-based venues spread across Virginia. DraftKings Incorporated is the preeminent leader in sportsbetting and daily fantasy sports and we are excited to be the first NFL team to have an exclusive integrated deal in this category....
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