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Legislative license:Both houses of the Virginia General Assembly comfortably passed legislation to legalize sportsbetting earlier this year before reportedly tasking the Virginia Lottery Board with formulating a detailed set of rules to regulate how the growing industry is to be operated.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.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....

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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. DraftKings Incorporated is the preeminent leader in sportsbetting and daily fantasy sports and we are excited to be the first NFL team to have an exclusive integrated deal in this category. DraftKings Incorporated is the preeminent leader in sportsbetting and daily fantasy sports and we are excited to be the first NFL team to have an exclusive integrated deal in this category....

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