Virginia is 1st State With Law Regulating Fantasy Sports - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Virginia is 1st State With Law Regulating Fantasy Sports

Posted: Updated:

RICHMOND, Va. (AP)- Virginia has become the first state to approve legislation regulating the fast-growing but embattled online fantasy sports industry.
    
Gov. Terry McAuliffe signed legislation Monday that formally legalizes and regulates sites such as FanDuel and DraftKings.
    
Under the new law, fantasy sites have to pay a $50,000 registration fee and submit to regular outside audits. The legislation also explicitly says that fantasy sites are not "illegal gambling."
    
McAuliffe said the new law will "keep consumers safe from abuses."
    
Virginia is one of several states where DraftKings and FanDuel have pushed for legislation to regulate the new industry.
    
Fantasy sports have been under fire in some states, and attorneys general in New York, Illinois and Texas have issued opinions that they are illegal games of chance.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • 2 Arrested in Thefts From Cars Dating Back to April

    2 Arrested in Thefts From Cars Dating Back to April

    Tuesday, May 23 2017 2:42 PM EDT2017-05-23 18:42:00 GMT
    Tuesday, May 23 2017 2:54 PM EDT2017-05-23 18:54:37 GMT
    The car break-ins, which took place across many cities, date back to April 2017The car break-ins, which took place across many cities, date back to April 2017

    Officers from the Easton Police Department have arrested and charged two people with rogue and vagabond as well as theft of less than $100. 

    More

    Officers from the Easton Police Department have arrested and charged two people with rogue and vagabond as well as theft of less than $100. 

    More
  • Del. Fire School Receives Grants to Purchase Training Equipment

    Del. Fire School Receives Grants to Purchase Training Equipment

    Tuesday, May 23 2017 1:47 PM EDT2017-05-23 17:47:36 GMT
    Tuesday, May 23 2017 1:47 PM EDT2017-05-23 17:47:36 GMT

    The Delaware State Fire School has received a nearly $440,000 federal grant to add equipment for training exercises.      

    More

    The Delaware State Fire School has received a nearly $440,000 federal grant to add equipment for training exercises.      

    More
  • Price Comparison: Where to Buy Crabs Over Memorial Day Weekend

    Tuesday, May 23 2017 10:30 AM EDT2017-05-23 14:30:07 GMT
    Tuesday, May 23 2017 1:29 PM EDT2017-05-23 17:29:33 GMT

    For many people on Delmarva, a favorite way to spend the Memorial Day holiday weekend is by enjoying blue crabs. If you're planning on buying crabs, either live or steamed, prices vary widely depending on location.  

    More

    For many people on Delmarva, a favorite way to spend the Memorial Day holiday weekend is by enjoying blue crabs. If you're planning on buying crabs - either live or steamed - prices vary widely depending on location.  

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices