Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-4033
Renewals of permits
# A.
A permit issued pursuant to § 58.1-4032 shall be valid for three years from the date issued.
# B.
At least 60 days before the expiration of a permit, the permit holder shall submit a renewal application, on forms prescribed by the Director, with a nonrefundable renewal fee of $200,000. Such fees shall be deposited into the Gaming Regulatory Fund established pursuant to § 58.1-4048.
# C.
The Director may deny a permit renewal if he finds grounds for denial as described in subsection F of § 58.1-4032. The Director's action shall be final unless appealed in accordance with § 58.1-4007.
# D.
The Director shall make a determination on an application for a renewal of a sports betting permit within 60 days of receipt. The Director's action shall be final unless appealed in accordance with § 58.1-4007.
Source: view the official text
Nearby sections (25 sections)
- 58.1-4022 · Virginia Lottery Fund
- 58.1-4022.1 · Lottery Proceeds Fund
- 58.1-4023 · Post-audit of accounts and transactions of Department;…
- 58.1-4024 · Employees of the Department
- 58.1-4025 · Exemption of lottery prizes and sales of tickets from state…
- 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- 58.1-4028 · Repealed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…
- 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…
- 58.1-4043 · Reporting and investigating prohibited conduct
- 58.1-4044 · Required direct notification to the Department and to…
- 58.1-4045 · Liquidity pools