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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. 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. 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....

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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.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.Manifold benefits:Ezra Kucharz, Chief Business Officer for DraftKings Incorporated, used the press release to pronounce that the fresh alliance has also granted his firm the right to utilize the New Jersey-based club’s official trademarks and is to additionally see it ‘recognized as a sponsor and exclusive category advertiser’ across a multitude of television, radio and social media channels....

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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. 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.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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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.”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....

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Important injunction:The broadcaster reported that the new tenets maintain a long-touted ban on wagers concerning the Olympic Games but are to allow sportsbetting to be premiered via online and mjackpot cas ino entertainment cqffobile platforms before later possibly permitting such activities to be offered at up to five licensed land-based venues spread across Virginia.According to a report from Inside Asian Gaming, the new Bayanihan to Recover as One Act is to require iGaming firms possessing a Philippine Offshore Gaming Operator (POGO) license to pay a 5% tax on turnover rather tjackpot cas ino entertainment cqffhan revenues with an official exchange rate utilized to calculate the local equivalent of any amount owed in foreign currencies.”...