Virginia Legislature Passes Casinos And Sports Betting Bills

The Virginia Legislature has passed legislation allowing casinos in five economically depressed cities and another bill allowing sports betting.

These two bills and some others passed during the 2020 legislative session are going to head to Gov. Ralph Northam for his signature. Both of them received bipartisan support and are expected to be signed into law, according to the Washington Examiner.

Danville, Norfolk, Richmond, Portsmouth, and Bristol are five cities which have the option to build a casino now. The issue must pass a city-wide referendum in November so the bill gives voters the final say. If it is passed by the electorate, ground could be broken on the properties and therefore, the Virginia Lottery would act as the regulatory body for casino gaming.

The legislation sets up a tiered tax plan that haves operators to be taxed anywhere from 18 to 30%. Casinos will be taxed 18% on the first $200 million of gross income, 23% from $200 to $400 million, and 30% on anything exceeding $400 million.

Although the bulk of that tax revenue will go to the state government, city governments will get a smaller piece because it budgets 6, 7, 8% of those same tiers to the city government housing the casino.

In terms of sports betting, Virginia followed Tennessee’s footsteps by passing a bill only legalizing online sports betting. In theory, city residents can vote against casino construction and there wouldn’t be anywhere to place a sports book. It would be much easier to pass additional legislation that would allow in-person betting than to follow the initial passage of the online bill.

The lottery will oversee the sports betting industry while operators will have any revenue taxed at 15%. Licenses will cost $250,000 for a three-year license and $200,000 for annual renewal.

It is prohibited to bet on Virginia college sports. A professional sports team relocating to Virginia will also be able to apply for a license.

Online sports betting sites in the United States (part 2)

Iowa sports betting sites

Iowa also legalized sports betting sites and apps in 2019. The first sportsbooks — both land-based and online — went live in August 2019.

Like Illinois, you will have to sign up at a casino for the first year and a half. However, there should be a number of options before long.

West Virginia sports betting sites

Online sports wagering is now in West Virginia, with the launch of DraftKings Sportsbook and FanDuel Sportsbook before the start of NFL season in 2019.

West Virginia started its sports betting operation in September. Only 2 public sportsbooks started up in 2018, and another opened at The Greenbrier, a private resort.

West Virginia sports wagering added the ability to wager via mobile in December 2018, though the only operator is no longer in operation. The BetLucky app remains shut down as of August 2019 due to a dispute between technology providers.

Rhode Island sports betting sites

After Gov. Gina Raimondo signed a bill into law in March, Rhode Island sports wagering will go mobile by fall 2019.

The sports betting operation of Rhode Island runs through the state lottery in partnership with William Hill, so the bookmaker will provide the app technology for the state.

Mississippi sports betting sites

Although Mississippi sports wagering must be done within a water-based or land-based casino, state regulations allow for mobile betting while on casino property. However, only one tribal casino has launched it.

Indiana sports betting sites

Indiana is another state to legalize online sports wagering in 2019. Sportsbooks will have to partner with a casino but there could be a lot of sports wagering online options in the state.

Illinois sports betting sites

There should be a lot of ways to wager online in Illinois, with a new law passed in 2019. Bettors will have to start by signing up for accounts in person at casinos, racetracks, and off-track betting facilities. Then, you will be allowed to sign up and fund accounts remotely. The launch is planned to happen in 2020.