October 24, 2020

Volume X, Number 298

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October 21, 2020

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Virginia Establishes Narrow Window for Sports Betting Permit Applications

The Virginia Lottery Board will accept applications for sports betting permit holders beginning October 15, 2020. All applications for such permits must be filed on or before October 31, 2020. After October 31, 2020, applications for sports betting permits will not be accepted again until the next annual application period — May 15–31, 2021.

The Virginia statutes permitting sports wagering provide that the Virginia Lottery Board shall issue no fewer than four permits and no more than 12, subject to certain limited exceptions applicable only to major-league sports franchises and major-league facilities and casino operators.

Applications for suppliers and vendors are not limited to the time periods described above and may be filed at any time. These other participants (such as platform providers, payment processors, and independent testing labs) must be approved by the Virginia Lottery Board.

The Virginia Lottery Board is scheduling conference calls to consult with potential applicants to discuss the specifics of necessary entity and personal applications required for licensure.

There are specific definitions for sports betting permit holders, suppliers, and vendors under the Virginia regulations for sports wagering. Industry participants should consult with counsel about their individual circumstances under the Virginia requirements.

© 2020 Jones Walker LLPNational Law Review, Volume X, Number 274
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About this Author

Thomas Shepherd, Gaming Attorney, IAGA President, 2014, Jones Walker Law FIrm
Partner

Tommy Shepherd is a partner in the firm’s Business and Commercial Transactions Practice Group. As an accomplished gaming attorney, he served as President of the International Association of Gaming Advisors (IAGA) in 2014.

Tommy represents major casino companies, Native American tribes, manufacturers, suppliers, and financial institutions regarding all matters relating to the development, financing, licensing and operation of gaming and resort facilities. His extensive experience in such matters includes public-private leases, financings, land use approvals, statutory and regulatory...

601.949.4711
J. Kelly Duncan, Jones Walker Law Firm, Gaming Attorney
Partner

Kelly Duncan is a partner in the firm's Admiralty & Maritime Practice Group and a past member of the firm's Board of Directors (2006-2014). He is head of the firm's Gaming practice.

Mr. Duncan has more than 35 years of experience handling admiralty, maritime, and international and customs law matters. His maritime practice includes both domestic and international matters relating to marine acquisitions, financings, vessel construction, regulatory issues, maritime lien enforcement and foreclosures, contracts of affreightment, terminal tariffs, and charter parties. Mr. Duncan has served as a speaker at maritime seminars throughout the country. His international practice includes, among other things, international commercial transactions, customs rulings, protests, reliquidations, seizures, forfeitures, and classification disputes.

504-582-8218
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