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Tax Law

Virginia Issues Draft Sports Betting Regulations

On August 10, the Virginia Lottery released full draft sports betting regulations for public comment. The regulations will implement H.B. 896/S.B. 384, signed into law on April 22 as Chapter 1218. The proposed regulations concern operations, internal controls, and enforcement. The Virginia Lottery Board will accept public comments regarding the regulations through September 9. The Board must approve final regulations by September 15 and begin accepting initial applications for licenses in October.