Virgnia’s “Sports Bettor Bill of Rights” Draws Flak From Major Operators

Virginia Sign

The public comment period on the proposed rules and regulations of sports betting in Virginia ended last Wednesday and some of the initial policies have received opposition from major gambling operators.

During the review process, major platforms like DraftKings and FanDuel have taken issue with some of the consumer protection rules that officials are proposing. One particular regulation that has received negative feedback is the one that requires the betting platforms to provide players with information that can help them make “informed decisions about their gambling”. These information include how the odds were calculated, odds of winning a bet, and the handle and payout amounts.

Other Issues That Drew Negative Reactions

According to the gambling operators, no other sports betting state in the United States has imposed a similar requirement. FanDuel in particular, noted that it recently offered 24 different bets on an NBA playoff game and that had nearly 300 potential outcomes and even more possible parlay wagers. Presenting the required information under Virginia’s proposed Sports Bettors Bill of Rights in real time will cause logistical problems on both processing power and screen space.

Other issues that drew negative reactions include the process of allowing players voluntarily ban themselves from sports betting for two years, five years, or for life if they feel they are losing too much money or if they feel they are getting addicted to gambling. The regulations also requires gambling operators to submit all marketing and advertising materials to the Lottery for pre-approval. The advertising rules also prohibit them from targeting minors and ads that violate “good taste” are disallowed.

Additionally, there is a proposed rule that bans betting on the Olympics, something which was not included in the legislation of the General Assembly. For this issue, the operators argued that excluding some sports evets would defeat the purpose of the legislation. Several companies also requested for a more lenient advertising policy where they won’t need a formal sign-off in advance.

Laying The Foundation of Virginia Sports Betting

The public review is being conducted by the Lottery to lay the foundation of the sports betting rules in Virginia. The outcome of the review will determine how quickly or not sports betting will launch in the state and what the bettors expect to see in the betting apps when they are officially launched. If all goes well, sports betting is expected to start next year in Virginia.

This year, the General Assembly passed a legislation authorizing the Virginia Lottery to hand out between four to 12 sports betting licenses in the state. Sports betting in Virginia will start online, largely via sports betting apps. However, it could eventually expand to the brick and mortar casinos being planned in different cities and the Colonial Downs operated Rosie’s gambling places.

The Virginia Lottery Board is expected to meet on Tuesday to vote on the new rules on sports betting. Once the rules and regulations are in place, the Lottery will begin accepting applications for sports betting licenses next month. Sports betting is expected to bring in an annual $55M in state tax revenues.

The New Danville Casino Plans Have Been Approved!

For years, lawmakers in Virginia have discussed ways to effectively expand the state’s gambling industry. One of the ways to achieve this goal is to open a large new casino in the city of Danville. According to new reports, the new Danville casino plans have officially been approved by the Virginia Lottery.

New Danville Casino Plans

It’s a big step in getting this venue built. Today, we’re going to look back at the state’s road to opening more casinos. We’ll also look at what else needs to be done in order for the Danville casino to open.

Let’s get into it!

History of Gambling Legislation in Virginia

Back in the 1800s, Virginia had one of the largest gambling industries in the United States. By the turn of the century, lawmakers here began to associate this industry with crime. They eventually made the decision to ban nearly all forms of traditional gambling.

This legal ban on gambling remained in place for decades. Beginning in the 1990s, however, state officials here began to change their stance. Many recognized how much money having a regulated casino industry could bring the state.

Several bills to legalize casinos were presented over the past 20 years. None managed to gain any traction. Fortunately, things appear to be changing. In March of this year, Virginia’s House of Delegates finally approved a measure to allow several commercial casinos to open around the state.

This was one of the crucial steps needed to get this bill put into legislation. Since that time, many have been working to come up with specific plans to open casinos in different cities. Casino proponents want to clearly explain how opening a casino will help the state’s economy.

Since 2019, lawmakers have been interested in opening a casino in the city of Danville. Many residents of this city have supported the idea, as well. It now appears we’re closer than ever to seeing a casino constructed here.

Virginia Lottery Approves the New Danville Casino Plans

City officials in Danville have been working hard to get their casino plans approved. It certainly hasn’t been easy, though. The state’s Lottery Commission, responsible for monitoring all gambling activities here, needed to give its approval for the project to move forward.

Fortunately, that’s what’s happened this week. The Virginia Lottery has officially pre-certified the new Danville casino plans. This paves the way for the casino referendum to make its appearance on November’s ballot. Voters in the city will then ultimately decide whether or not to allow a casino.

Ken Larking, City Manager of Danville, spoke about the situation to the media this week.

“It’s certainly good news,” he said. “We’re glad Caesars was able to pull together the necessary information and show the state that they are capable of developing a high-quality project in our community.”

Officials in the city of Danville are obviously excited to see this project move forward. Recently, the Lottery also approved casino projects in Bristol, Norfolk, and Portsmouth. Of course, approval of these projects does not mean a casino license is guaranteed. This is a separate process that takes place once voters approve the casino referendum.

It’s established that Caesars Entertainment will operate the casino expected to be built here. As many know, this company is involved in a massive merger with Eldorado Resorts right now. Here’s where things stand with that situation.

New Jersey Gaming Commission Gives Approval For Eldorado-Caesars Merger

The higher-ups in Caesars Entertainment have to be excited to hear that the new Danville casino plans have been approved. Of course, most of the company is solely focused on its merger with Eldorado Resorts. Back in June of 2019, Eldorado paid an incredible $17.3 billion to acquire Caesars and its assets.

This is the largest merger between two casino companies in history. Our team has been covering the merge for more than a year. Obviously, such a massive deal takes a long time to complete.

Initially, the plan was for everything to be finished by June of this year. After several delays, company officials pushed the finalization date to July. It now appears that things will be completed in August.

Eldorado and Caesars recently gained approval from the Nevada and Indiana Gaming Commissions. These companies now only need the green light from New Jersey’s regulators for things to move forward. Hope was that this would get done before the end of the week.

News has just broken that New Jersey has officially approved the merger. It was the final hurdle in the way of the deal closing. Only a few more easy steps are needed before the country’s largest casino merger is done!

These companies have reason to celebrate. Their deal is nearly complete, and the new Danville casino plans have officially been approved. Stay tuned for more news on Virginia’s casino industry over the next few weeks!