Code of Virginia
Chapter 40 - Virginia Lottery Law; Sports Betting
§ 58.1-4018.2. Ticket discounting; civil penalties

A. As used in this section, "ticket discounting" means reselling or having a person other than the prize winner claim a winning lottery ticket or buying or claiming a winning lottery ticket for the purpose of assisting the original prize winner with concealing his identity as a prize winner.
B. No person shall engage in the practice of ticket discounting.
C. Any person found to have engaged in the practice of ticket discounting shall be fined as determined by the Director (i) for prizes of less than $1,000, not more than $250; (ii) for prizes of $1,000 or more but less than $5,000, more than $250 but not more than $500; and (iii) for prizes of $5,000 or more, no less than $1,000. All fines recovered for violations of this section shall be paid into the state treasury to the credit of the Literary Fund, in accordance with § 19.2-353.
2019, c. 762.

Structure Code of Virginia

Code of Virginia

Title 58.1 - Taxation

Chapter 40 - Virginia Lottery Law; Sports Betting

§ 58.1-4000. Short title

§ 58.1-4001. Establishment of state lottery

§ 58.1-4002. Definitions

§ 58.1-4003. Virginia Lottery established

§ 58.1-4004. Membership of Board; appointment; terms; vacancies; removal; expenses

§ 58.1-4005. Appointment, qualifications and salary of Director

§ 58.1-4006. Powers of the Director

§ 58.1-4006.1. Use of the phrase "Virginia is for Bettors" prohibited; civil penalty

§ 58.1-4007. Powers of the Board

§ 58.1-4007.1. Lottery tickets to bear telephone number for compulsive gamblers

§ 58.1-4007.2. Repealed

§ 58.1-4008. Employees of the Department; background investigations of employees

§ 58.1-4009. Licensing of lottery sales agents; penalty

§ 58.1-4010. Authority of persons licensed as lottery sales agents; annual fee

§ 58.1-4011. Meaning of "gross receipts."

§ 58.1-4012. Suspension and revocation of licenses

§ 58.1-4013. Right to prize not assignable; exceptions

§ 58.1-4014. Price of tickets or shares; who may sell; penalty

§ 58.1-4014.1. Method of payment for purchase of tickets or shares

§ 58.1-4015. Sale of ticket or share to person under eighteen prohibited; penalty

§ 58.1-4015.1. Voluntary exclusion program

§ 58.1-4016. Gift to minor prohibited

§ 58.1-4017. Alteration and forgery; presentation of counterfeit or altered ticket or share; penalty

§ 58.1-4018. Prohibited actions; penalty

§ 58.1-4018.1. Larceny of tickets; fraudulent notification of prizes; penalty

§ 58.1-4018.2. Ticket discounting; civil penalties

§ 58.1-4019. Certain persons ineligible to purchase tickets or shares or receive prizes

§ 58.1-4019.1. License required for "instant ticket" games or contests

§ 58.1-4020. Unclaimed prizes

§ 58.1-4020.1. Voluntary assignment of lottery prizes or pledge as collateral for a loan; requirements for the assignees and lenders

§ 58.1-4021. Deposit of moneys received by agents; performance of functions, etc., in connection with operation of lottery; compensation of agents

§ 58.1-4022. Virginia Lottery Fund

§ 58.1-4022.1. Lottery Proceeds Fund

§ 58.1-4023. Post-audit of accounts and transactions of Department; post-compliance audits

§ 58.1-4024. Employees of the Department

§ 58.1-4025. Exemption of lottery prizes and sales of tickets from state and local taxation

§ 58.1-4026. Set-off of debts to the Commonwealth from prizes

§ 58.1-4027. Judicial review

§ 58.1-4028. Repealed

§ 58.1-4029. Disclosure of identity of winners by the Department

§ 58.1-4030. Definitions

§ 58.1-4031. Powers and duties of the Director related to sports betting; reporting

§ 58.1-4032. Application for a sports betting permit; penalty

§ 58.1-4033. Renewals of permits

§ 58.1-4034. Duties of permit holders

§ 58.1-4035. Suspension and revocation of permits; civil penalties

§ 58.1-4036. Use of official league data

§ 58.1-4037. Tax on adjusted gross revenue

§ 58.1-4038. Distribution of tax revenue

§ 58.1-4039. Events on which betting is prohibited; penalty

§ 58.1-4040. Underage betting prohibited; penalty

§ 58.1-4041. Persons prohibited from sports betting; penalty

§ 58.1-4042. Operation and advertising of unpermitted facilities prohibited; penalty

§ 58.1-4043. Reporting and investigating prohibited conduct

§ 58.1-4044. Required direct notification to the Department and to sports governing bodies

§ 58.1-4045. Liquidity pools

§ 58.1-4046. Intermediate routing of electronic data

§ 58.1-4047. Certain provisions in Article 1 (§ 58.1-4000 et seq.) to apply, mutatis mutandis