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Virginia Administrative Code
Title 11. Gaming
Agency 5. Virginia Lottery Board
Chapter 70. Sports Betting
6/19/2024

11VAC5-70-260. House rules.

A. A permit holder shall adopt comprehensive house rules that shall be submitted to the director for approval with the initial application for a permit. Amendments to the House Rules shall be submitted to the director for approval.

B. House Rules shall address at least the following items:

1. A method for the calculation and payment of winning wagers;

2. The effect of schedule changes;

3. The method of notifying players of odds or proposition changes;

4. Acceptance of wagers at terms other than those posted;

5. The method of contacting the permit holder for questions and complaints;

6. A description of prohibited individuals and others who may be restricted from placing a wager;

7. The permissible methods of funding a wager; and

8. A description of all types of wagers that may be accepted.

C. House rules shall include a provision prohibiting the structuring of bets to avoid federal currency transaction reporting thresholds.

D. House rules shall put players on notice that wagers are subject to AML standards, including triggers and requirements for filing of currency transaction reports and suspicious activity reports.

E. House rules shall disclose the operator's ability to limit the maximum bet amount.

F. House rules shall be readily available on the permit holder's websites and mobile applications.

Statutory Authority

§§ 58.1-4007, 58.1-4015.1, and 58.1-4030 through 58.1-4047 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 37, Issue 4, eff. October 12, 2020.

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