A. A permit holder may use any data source for determining the result of a tier 1 bet.
B. A sports governing body may notify the Department that it desires permit holders to use official league data to settle tier 2 bets. A notification under this subsection shall be made according to forms and procedures prescribed by the Director. The Director shall notify each permit holder of the sports governing body's notification within five days after the Department's receipt of the notification. If a sports governing body does not notify the Department of its desire to supply official league data, a permit holder may use any data source for determining the result of a tier 2 bet on a professional sports event of the league governed by the sports governing body.
C. Within 60 days after the Director notifies each permit holder as required under subsection B, permit holders shall use only official league data to determine the results of tier 2 bets on professional sports events of the league governed by the sports governing body, unless any of the following apply:
1. The sports governing body is unable to provide a feed, on commercially reasonable terms, of official league data to determine the results of a tier 2 bets, in which case permit holders may use any data source for determining the results of tier 2 bets until the data feed becomes available on commercially reasonable terms.
2. A permit holder demonstrates to the Department that the sports governing body has not provided or offered to provide a feed of official league data to such permit holder on commercially reasonable terms, according to criteria identified in subsection D.
D. The Director shall consider the following information in determining whether a sports governing body has provided or offered to provide a feed of official league data on commercially reasonable terms:
1. The availability of a sports governing body's official league data for tier 2 bets from more than one authorized source;
2. Market information regarding the purchase, in Virginia and in other states, by permit holders of data from all authorized sources;
3. The nature and quantity of the data, including the quality and complexity of the process used for collecting the data; and
4. Any other information the Director deems relevant.
E. During any time period in which the Director is determining whether official league data is available on commercially reasonable terms pursuant to the provisions of subsections C and D, a permit holder may use any data source for determining the results of any tier 2 bets. The Director shall make a determination under subsections C and D within 120 days after a permit holder notifies the Department that it desires to demonstrate that a sports governing body has not provided or offered to provide a feed of official league data to the permit holder on commercially reasonable terms.
2020, cc. 1218, 1256.
Structure Code of Virginia
Chapter 40 - Virginia Lottery Law; Sports Betting
§ 58.1-4001. Establishment of state lottery
§ 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
§ 58.1-4008. 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
§ 58.1-4022. 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
§ 58.1-4029. Disclosure of identity of winners by the Department
§ 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
§ 58.1-4046. Intermediate routing of electronic data
§ 58.1-4047. Certain provisions in Article 1 (§ 58.1-4000 et seq.) to apply, mutatis mutandis