Virginia’s sports betting license cap could be raised

Virginia’s sports betting license cap could be raised

Article brief provided by Sports Handle
  • Jill R. Dorson, Sports Handle
January 17, 2021 11:00 AM
  • Jill R. Dorson, Sports Handle

A bill prefiled in the Virginia General Assembly last week could increase the number of sports wagering licenses available in the state, which has plans to launch sports betting within the next month. The bill will not delay the Virginia Lottery’s rollout of digital sports betting, but a Lottery spokesperson said that despite reports to the contrary, it has yet to approve any potential sports betting operators.

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Approximately 25 operators applied for up to 14 currently available licenses. The lottery is aiming to “award the first of the licenses” in the next couple of weeks, according to a Lottery spokesperson. That timing would make it a tight squeeze for an operator to be live in Virginia ahead of the Super Bowl, but many of the major operators can green light a platform within days, if needed.