West Virginia Emergency Sports Betting Regulations Approved
Online and mobile wagering permitted in regulations
West Virginia land casino operators are waiting the green light from the Secretary of State following the approval this week of the state’s emergency sports betting regulations.
State lottery officials hope that the formalities can be completed in time for punters to bet on the upcoming NFL season, with operators permitted to offer both mobile and online wagering subject to obtaining the requisite state licensing for vendors.
The state has set a 10 percent tax rate based on GGR, which will apply to both land and online-mobile activity, and operators will have to cough up $100,000 for a one-year licence.
Contrary to other sports betting states, West Virginia’s governor Jim Justice has been vocal in pushing for 0.25 percent of turnover as an integrity fee following demands by the sports leagues, although such a fee is not currently enshrined in the regulations.
The state lottery has oversight of the sector and is charged with reviewing all gambling advertising in advance of publication.
Fanduel Betting Contract With “Iconic” West Virginia Resort
DFS company’s sports betting platform will be provided
DFS market leader FanDuel has announced that its nascent sports betting platform is to form the basis for a supply deal with West Virginia’s Greenbrier Resort, providing retail, online, and mobile sports wagering services.
FanDuel CEO Matt King said in a press release this week:
“We are honored to be chosen to provide sports wagering services at The Greenbrier, an iconic resort in the U.S. As we work towards building out a top sports betting product for the upcoming NFL season, we look forward to bringing West Virginia residents, sports fans, and visitors to The Greenbrier the best interactive sports experience on the market.”
The details on the products will be tailored to meet the still developing regulations drafted by the West Virginia Lottery Commission, but are expected to follow the broad intrastate template adopted by other US states, with punters within the state authorised to use the FanDuel app at the Greenbrier land casino, along with the state’s four racinos
The companies are hoping to launch betting services by this autumn, but this is again contingent on the progress made on regulations by the state lottery commission.
BMM Approved By West Virginia Lottery
For independent testing of sports wagering equipment
BMM Testlabs has been approved by the West Virginia State Lottery Commission (WVSLC) to perform independent testing for sports wagering equipment.
“BMM is very pleased to have received this approval and we would like to thank the West Virginia Lottery for their effort and diligence throughout the approval process,” Travis Foley, EVP Operations, BMM Testlabs, commented.