Virginia To Double Sportsbook Taxes, Ends Promo Deductions

Virginia Sportsbook

Virginia has seen roughly 50% of their potential sports betting tax benefits due to sportsbooks deducting promotions and bonuses. The budget approval requires operators that are live for 12 months to pay these taxes moving forward. RICHMOND, Va. – Virginia is joining Colorado as the second state to remove promotion deductions for sports betting. With … Read more