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VA HB1527
Bill
Status
Introduced
1/29/2026
Primary Sponsor
Garrett McGuire
Click for details
AI Summary
- Lifts the current ban on betting on Virginia college sports for NCAA Division I competitions only, while maintaining the prohibition on bets involving non-Division I Virginia college teams
- Imposes a 50% tax on gross revenue from bets placed on NCAA Division I sports at Virginia colleges and universities, compared to the standard 15% tax on other sports betting
- Creates the NCAA Division I Sports Betting Fund to receive 100% of the higher tax revenue, with disbursements going directly to Virginia NCAA Division I athletic programs proportional to the betting revenue they generate
- Increases the allocation to the Problem Gambling Treatment and Support Fund from 2.5% to 5% of standard sports betting tax revenue
- Takes effect only upon enactment of separate legislation establishing a Virginia Gaming Commission or similar oversight agency
Legislative Description
Sports betting; exception on NCAA Division I sports.
Last Action
Left in Committee General Laws
2/18/2026
Committee Referrals
General Laws1/29/2026
Full Bill Text
No bill text available