iGaming Legalization Still on the Table for Virginia

While other states have closed the doors on regulated gaming, Virginia takes on a different route with its accommodating yet calculated stance. Last January 2025, the state introduced Senate Bill 827 (SB827), which aims to legalize and regulate online casino gambling under the supervision of the Virginia Lottery Board. 

Although the bill has been paused for further study, the bill’s proponents and industry stakeholders are open to pursuing regulation.  There’s an ongoing feasibility study on the prospects of establishing the Virginia Lottery Board, and the results and recommendations are expected to be released on November 30th.

Virginia’s SB827 Paused, But Regulated iGaming Still Possible

As of this writing, the state sees iGaming operations are unlicensed and illegal. However, the possible passage of SB827 will disrupt the state’s gaming landscape and lead to the strengthening of the Virginia Lottery Board. Here’s a look at the essential features of the bill:

• The Virginia Lottery Board is tasked with supervising all internet gaming operators already licensed and operating in the state. Currently, the state allows Golden Eagle Corp, Caesars Virginia, Hard Rock Bristol, and Rivers Casino Portsmouth to operate.
• Bill allows games of chance like roulette, blackjack, poker, and slot-style games, which are also carried by sweepstakes casino operators.
• Licensed operators will pay $1 million as an application fee, valid for five years.
  Bill calls for a 15% tax on the adjusted gross internet gaming revenue:  97.5% of the revenues go to the state’s general fund, and the rest to its Problem Gambling Treatment and Support Fund.
• Operators are mandated to use geolocation technology to ensure that only players based in Virginia can access these services.
• Gaming is available to players who are at least 21 years old.

It’s a Waiting Game for iGaming Operators, Stakeholders

The state’s iGaming stakeholders are playing the waiting game. Discussions and debates are ongoing, with the Virginia Gaming Commission, joint subcommittee taking the lead in discussing the pros and cons of the bill. Supporters highlight the potential revenue and the chance to address offshore casinos, while opponents warn of the risks to at-risk players and the potential cannibalization of current gaming revenues.

The next crucial dates to watch out for are November 30th for the publication of study results, and early 2026 when the next legislative sessions start.

REFERENCES:

• Virginia General Assembly
• Virginia SB 827