The procedure for selecting sports applicants in Virginia has begun.
The Virginia Lottery announced Thursday that it is reviewing 25 cellular sports licensing programs introduced October 15-31. Applicants’ names will not be made public or recognized, the lottery said in a press release.
Under the state sports law passed by the state General Assembly this year, the 12-license restriction does not come with programs for professional sports franchises that are based or play in a Virginia location.
However, the 12-license restriction includes pastly decided casino game partner programs across the cities of Bristol, Danville, Norfolk and Portsmouth.
Voters in those 4 cities approved voting referendums on November 3 for the approval of casino bets in those jurisdictions.
“The main point of interest shown through domestic and foreign sports operators validates Virginia’s efforts to strike an adequate and guilty balance in its legalized sports regulatory program,” Kevin Hall, executive director of the Virginia Lottery, said in the statement. ensured that the deliberation review procedure we are going through lately will result in an effective program that protects consumers, athletes and taxpayers.
Licensees will decide on the basis of a number of factors, as well as the joy and good fortune in the US sports market. U. S. , their efforts to apply for minority investors and the amount of new jobs and tax revenue they plan to generate, according to the lottery. .
Pending approval from Virginia regulators, WynnBET will be the official online sportsbook for two iconic racing sites in the state: Martinsville Speedway and Richmond Raceway. WynnBET halls will be built at each site and wagering at Live in the game races will start in 2021.
The two racetracks will combine to host 4 NASCAR Cup Series races according to the year, the maximum of them in all states of the country.