Virginia Lottery Board
600 East Main Street
Richmond VA 23219
The Virginia Lottery Board is the regulatory authority for casino gaming in the state.
AVAILABLE GAMING LICENSES
For more information on available gaming licenses, see Regulatory Fact Sheet.
GAMING TAX RATE
There is a graduated tax on casino revenue, requiring operators to pay 18 percent on their first $200m, 23 percent on revenues between $200m and $400m, and 30 percent on any revenues of more than $400m.
TAX PROMOTIONAL CREDITS
In Virginia, promotional credits may not be deducted from the operator’s gross gaming revenue.
WITHHOLDINGS ON WINNINGS
The Lottery Department must withhold Virginia income tax at the rate of 4 percent on the proceeds from any lottery prize in excess of $5,000.
Tax revenues are deposited in the newly created Gaming Proceeds Fund. Revenues from the fund are largely appropriated by the General Assembly for programs established to address public school construction, renovations, or upgrades. Additionally, a portion of the proceeds is returned to the casino host city, the Virginia Indigenous People’s Trust Fund, the Problem Gambling Treatment and Support Fund, and the Family and Children’s Trust Fund.
STATUTORY FUNDING REQUIREMENT
Eight-tenths of one percent of the Gaming Proceeds Fund must be appropriated to the Problem Gambling Treatment and Support Fund.
The Virginia Lottery Board is required to adopt regulations to establish and implement a voluntary exclusion program. A person who participates in the voluntary exclusion program may choose an exclusion period of two years, five years or lifetime.
COMPLIMENTARY ALCOHOLIC DRINKS
ON-PREMISE DISPLAY REQUIREMENT
21+ years of age to gamble
21+ of age on floor
All gaming equipment must be tested and certified by an independent testing laboratory.
ANTI-MONEY LAUNDERING REQUIREMENTS
Federal compliance requirements.
The Virginia Lottery Department must be notified of all shipments of gaming equipment.
RESTRICTIONS ON POLITICAL CONTRIBUTIONS
CREDIT OFFERED TO PATRONS
Commercial casino & online operators. State legislation authorizes up to 12 online operators in the state.
Sports wagering is taxed at 15 percent of adjusted gross gaming revenue (AGR). However, in calculating AGR, permit holders may deduct various payments.
INITIAL LICENSING FEE
$50,000 for each of the “principals” named as part of their application. If issued a permit, operators will then be required to pay an additional fee of $250,000
LICENSE RENEWAL FEE
$200,000 every three years.
Wagering on the following types of events are prohibited:
- Bets on youth sports.
- Proposition bets on college sports.
- Bets on Virginia college sports. However, the prohibition does not prohibit betting on games in a tournament or multigame event in which a youth sports or Virginia college sports team participates, so long as the games do not have a participant that is a youth sports or Virginia college sports team.
OFFICIAL DATA MANDATE
A sports governing body may notify the lottery department that it wants permit holders to use official league data to settle Tier 2 bets. The statute defines a “Tier 2 bet” as “a bet that is placed using the internet and that is placed after the event it concerns has started.”
Related Research Reports
State of the States 2022
The definitive study of the U.S. commercial gaming industry in 2021, providing key financial performance data and other metrics for the 33 states and D.C. with commercial gaming operations.