{"data":{"id":"us-va/11vac5-70-70","jurisdiction":"us-va","citation":"11VAC5-70-70","heading":"Sports betting supplier applications","body":"A. An applicant for a sports betting supplier license shall be made using the electronic form required by the department.\n\nB. A principal who will be employed in a managerial capacity for a sports betting platform may submit the principal application together with a supplier license application.\n\nC. The application for a sports betting supplier license shall include all information required by department staff.\n\nD. The application for a supplier license to operate a permit holder's sports betting platform shall be made using the electronic form required by the department.\n\nE. The application for a supplier license to operate a permit holder's sports betting platform shall be accompanied by a wire transfer of $125,000, $10,000 of which shall be considered an application/license fee, with the remainder constituting a refundable initial deposit toward the department's administrative costs to conduct the background investigation of the applicant and its employees and directors.\n\nF. An applicant for a supplier license to operate a sports betting platform shall identify those individuals who will be employed in a managerial capacity on the platform.\n\nG. The application for a supplier license other than to operate a permit holder's sports betting platform shall be accompanied by a wire transfer of $50,000, $5,000 of which shall be considered an application/license fee, with the remainder constituting a refundable initial deposit toward the department's administrative costs to conduct the background investigation of the applicant and its employees and directors.\n\nH. The term of a supplier license shall be three years form the date of issuance.\n\nI. At least 60 days before the end of the term of a supplier license, a supplier shall submit a:\n\n1. Renewal application in the 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/section70/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:37Z","sha256":"6e851568359eaa7d8c4a442edc25e7ca375ed6c6fc921a3d630d2608b8b53cd2","source_id":"us-va-vac","stale":false,"prev":"us-va/11vac5-70-60","next":"us-va/11vac5-70-80"},"notice":"GroundRules: Original legal text. Not legal advice."}