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2021 SPECIAL SESSION I
SB 1254 Sports betting; clarifies certain procedures.
Introduced by: Jeremy S. McPike | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Sports betting. Directs the Virginia Lottery (the Lottery) in issuing permits to operate sports betting platforms to give substantial and preferred consideration to any applicant that provides any of the following: (i) a description of any equity interest owned by minority individuals or minority-owned businesses, (ii) a detailed plan to achieve increased minority equity investment, (iii) a description of all efforts made to seek equity investment from minority individuals or minority-owned businesses, or (iv) a plan detailing efforts made to solicit participation of minority individuals or minority-owned businesses in the applicant's purchase of goods and services related to the sports betting platform or to provide assistance to a historically disadvantaged community or historically black colleges and universities located within the Commonwealth.
The bill clarifies the types of events on which sports betting is allowed and provides that a permit issued to a casino operator shall not count toward the maximum of 12 permits that the Director of the Lottery can issue. The bill makes technical amendments related to the interaction between sports betting law and casino gaming law. This bill is identical to HB 1847.
SUMMARY AS PASSED SENATE:
Sports betting; technical amendments. Clarifies the types of events on which sports betting is allowed. The bill clarifies that a permit issued to a casino operator shall not count toward the maximum of 12 permits that the Director of the Virginia Lottery can issue and makes technical amendments related to the interaction between sports betting law and casino gaming law.
SUMMARY AS INTRODUCED:
Sports betting; technical amendments. Clarifies the procedures by which the Virginia Lottery determines whether an event is considered youth sports, on which betting is prohibited. The bill clarifies that a permit issued to a casino operator shall not count toward the maximum of 12 permits that the Director of the Virginia Lottery can issue and makes technical amendments related to the interaction between sports betting law and casino gaming law.