The Virginia Governor signed a law to transfer regulatory authority over fantasy contests from the Department of Agriculture and Consumer Services to the Virginia Lottery Board, establishing a regulatory framework under Chapter 42 in Title 58.1 of the Code of Virginia. The law imposes a 10 percent tax on fantasy contest revenue, while requiring operators to obtain permits with substantial application fees. The law takes effect July 1. [S.B. 129, enacted 04/13/26]
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