Half of Virginia’s sports betting applicants are going to go home disappointed while Massachusetts casinos want to ensure online-only operators find no favor in their state.
On Thursday, the Virginia Lottery announced that it was reviewing 25 applications for the minimum four/maximum 12 mobile sports betting permits available under the state’s wagering legislation. The identities of these applicants weren’t disclosed, but the lucky recipients will be selected by January 31, 2021.
That dirty dozen licensees doesn’t include applications “tied to certain major league sports franchises” that call Virginia home. (Since the state has no such entities at present, do its two NASCAR racetracks count?) It does include applications by the four casinos authorized this spring by voters in the cities of Bristol, Danville, Norfolk and Portsmouth.
As the Lottery previously explained, preference will be given to operators with US market experience (and success), along with applicants’ capacity to generate revenue and new jobs, and which at least attempt to attract investors “that are minority individuals.”