{"data":{"id":"us-va/11vac5-70-60","jurisdiction":"us-va","citation":"11VAC5-70-60","heading":"Principal applications","body":"A. An applicant for a principal license who is associated with a sports betting permit applicant shall submit the principal application together with the permit application.\n\nB. A principal who will be employed in a managerial capacity for a sports betting platform on behalf of a permit holder:\n\n1. Shall submit the application separately from the application for the sports betting permit; and\n\n2. May submit the application together with a supplier license application.\n\nC. The application for a principal shall be made using the electronic form required by the department.\n\nD. For an applicant who is a citizen of any country other than the United States, the background investigation shall require an international criminal history records check.\n\nE. The application for each principal license shall be accompanied by a wire transfer of $50,000, $1,000 of which shall be considered an application/license fee, with the remainder constituting a nonrefundable initial deposit toward the department's administrative costs to conduct the background investigation of the applicant.\n\nF. The term of a principal license shall be three years from the date of issuance.\n\nG. At least 60 days before the end of the term of a principal license, a principal shall submit a:\n\n1. Renewal application using the electronic form required by the department; and\n\n2. Nonrefundable wire transfer of $50,000 as an application/license fee and background investigation fee.","path":["Title 11. Gaming","Agency 5. Virginia Lottery Board","Chapter 70. Sports Betting"],"source_url":"https://law.lis.virginia.gov/admincode/title11/agency5/chapter70/section60/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:37Z","sha256":"5b08687fc88c0532a35277a3756866563f913f54515255cdae8cae7e24ad422f","source_id":"us-va-vac","stale":false,"prev":"us-va/11vac5-70-50","next":"us-va/11vac5-70-70"},"notice":"GroundRules: Original legal text. Not legal advice."}