Former Indianapolis Colts punter Pat McAfee Inc. and FanDuel will expand their sports betting and media partnership.
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McAfee and the sports betting platform have worked together before but they are officially exclusive, announcing a multiyear partnership Wednesday via a news release.
FanDuel calls the pairing a “first-of-its-kind partnership” between a media personality and a legal sportsbook.
Sportsbooks Could Start Taking Bets From Virginia Next Year
The Virginia Lottery will roll out proposed regulations for sports betting at its July 15 meeting.
Virginia lawmakers legalized sports wagering in April, and the law went into effect on July 1.
The first sports bets can likely be taken in January or February.
Virginia Lottery Executive Director Kevin Hall said that the regulations “need to be published in the Virginia Register in October, so we could begin to accept applications at that point. I imagine the first licenses could be issued in January or early February.”
In Virginia, Hall and his staff aren’t only crafting regulations for sports betting, but they’re also on a parallel track sorting out regulations and licensing for in-person casino gaming, as the legislature also authorized the building of five physical casinos — all of which may integrate legal sports betting — throughout the state.
In addition, the law allows for professional sports venues that have headquarters, training facilities, or stadiums in Virginia to offer sports betting. To date, that means both Washington’s to-be-renamed NFL team, whose headquarters are in Ashburn, and MLS DC United, which since 2019 has practiced at a facility in Springfield, could offer sports betting platforms.
The law requires a minimum of four and a maximum of 12 mobile platforms.
Any professional sports team (MLB, MLS, NBA, NFL and NHL) that already has a foothold in the state can obtain a license. Currently, only the NFL’s Redskins and NHL’s Capitals have ties to the state.
One of the drawbacks betting companies will face in Virginia is the inability to take bets on in-school teams like the Cavaliers and Hokies.
– Aaron Goldstein, Gambling911.com