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Hall reportedly declared…“Creating a regulatory structure for sportsbetting within the aggressive timeline that was mandated by the legislature consumed a lot of bandwidth over the summer and today’s Virginia Lottery Board action represents a really significant step forward.According to a Tuesday report from local television broadcaster WWBT-TV, the governor-appointed panel authorized the jurisdiction’s first-ever rules on sportsbetting yesterday after responding to feedback from several prominent operators and is now hopeful of being able to kick off the required licensing process from sometime next month.”...

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Kevin Hall serves as Executive Director for the Virginia Lottery and he purportedly told Richmond-based WWBT-TV that the new policies moreover explicitly prohibit wagering on collegiate contests featuring teams from ‘The Old Dominion State’ as well as any sporting event where participants are under the age of 18. Both organizations remain committed to customer experience through enhanced product offerings and authenticity and look forward to joining forces across platforms as the highly-anticipated NFL season gets underway.”...

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Serious sanctions:This new franchise tax is to be applied to the higher of either a local iGaming operator’s monthly gross turnover or a pre-arranged revenue minimum.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. The executive declared the sportsbetting innovator now moreover intends to open ‘a first-of-its-kind virtual sports lounge’ within the NFL franchise’s 82,500-seat MetLife Stadium home and begin offering aficionados the chance to enjoy weekly editions of a branded free-play pick ‘em game....

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