Virginia Delegate Mark Sickles made some noise this past week in trying to bring sports betting to the state. In a pre-filed bill for 2018, Sickles is seeking to repeal their current laws in place. Sickles defines an approved “sports betting platform” as “… a website, app, or other platform accessible via the Internet or mobile, wireless, or similar communications technology that sports bettors use to place sports bets.”
For online betting, it could be a huge coup for the state, as it would become available to about 8.5 million people. Also in the bill are provisions such as all professional and college games would be available for wagering, minus those games taking place in the state of Virginia.
Virginia Sportsbooks Approval Process?
What do you need to do to get up and running? Well, you’ll need five different permits, which are $250,000 each. For taxes, it would be 15 percent with the lottery keeping 2.5 percent. Other than sports betting, the bill would enable online lottery ticket purchases.
Virginia is a state surrounded by plenty of neighboring states with their sports betting agendas underway, including West Virginia, Delaware, New Jersey and Pennsylvania. Under the new bill, the “big” team(s) that would be unavailable to bet on are the Virginia Cavaliers and VaTech Hokies.
Legal Sports betting is becoming increasingly rampant, especially along the east coast with more and more states pushing to get these bills passed. The other states that have already legalized sports betting in the USA are Delaware, Mississippi, New Jersey, New Mexico, Nevada, Rhode Island, West Virginia and Pennsylvania.