The state lottery’s application process concerning who will operate Virginia sports betting appears secretive than necessary.
The sports betting application window closed on Halloween with “significant industry interest,” Deputy Director of Gaming Compliance Gina Smith said. There’s been no mention of releasing the list of applicants, though, even at the Lottery’s Wednesday meeting.
Executive Director Kevin Hall confirmed the lottery remains on track to launch VA sports betting in early 2021. So even though Virginia will miss out on regular-season NFL betting, playoff and Super Bowl betting should be possible.
Who is interested in Virginia sports betting?
Some operators already confirmed they will apply for one of the up to 12 sports betting licenses in Virginia. A minimum of four online-only licenses must be handed out.
PointsBet confirmed its interest in Virginia in its most recent earnings call. WynnBET, meanwhile, confirmed its application when announcing it would become the official online sportsbook of two NASCAR tracks in the state if approved for a license.
LSR also understands BetMGM, DraftKings Sportsbook and theScore Bet applied.
Four licenses will go to VA casinos
It looks like at least four of the sportsbook apps in the state will have a casino partner after cities approved referendums to host those casinos. A potential fifth casino in Richmond is on a different timeline.
Even though the Lottery can approve 12 online-only licenses, casinos get preferential treatment for their investment in the state. The sportsbook licenses approved for casinos do not count against the minimum four online-only licenses, but do count against the cap of 12.
This means we likely know three sportsbook operators in the state already:
- BetRivers parent Rush Street Gaming is the preferred casino partner in Portsmouth.
- Hard Rock should handle its own betting as the preferred partner in Bristol. The company recently selected Scientific Games for its sports betting operations in Iowa and New Jersey.
- William Hill‘s soon-to-be parent Caesars Entertainment is the preferred partner in Danville.