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VA SB129

VA SB129
Fantasy contests; regulation and taxation, civil penalty, repeals Fantasy Contests Act.

summary

Introduced
01/06/2026
In Committee
02/27/2026
Crossed Over
03/13/2026
Passed
04/13/2026
Dead
Signed/Enacted/Adopted
04/13/2026

Introduced Session

2026 Regular Regular Session

Bill Summary

Fantasy contests; regulation and taxation. Imposes (i) a 10 percent tax on a fantasy contest operator's fantasy contest revenue, with 2.5 percent of the tax revenue being allocated to the Problem Gambling Treatment and Support Fund and the remaining 97.5 percent being allocated to the general fund, and (ii) a 2.6 percent fee on a fantasy contests operator's fantasy contest revenue to be utilized by the Virginia Lottery to cover the costs of administration and regulation of fantasy contests in the Commonwealth. The bill also limits the definition of "fantasy contest" and requires fantasy contest operators to apply to the Virginia Lottery for a permit before offering any fantasy contest in the Commonwealth. This bill is identical to HB 145.

AI Summary

This bill establishes a regulatory framework for fantasy contests in Virginia, imposing a 10 percent tax on a fantasy contest operator's revenue, with 2.5 percent of that tax going to the Problem Gambling Treatment and Support Fund and the remaining 97.5 percent to the general fund, and an additional 2.6 percent fee on the operator's revenue to cover the Virginia Lottery's administrative and regulatory costs. The bill also redefines "fantasy contest" to clarify what activities are covered, requires operators to obtain a permit from the Virginia Lottery before offering any contests, and repeals the existing Fantasy Contests Act.

Committee Categories

Budget and Finance, Business and Industry, Justice

Sponsors (2)

Last Action

Acts of Assembly Chapter text (CHAP0566) (on 04/13/2026)

bill text

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bill summary

Document Type Source Location
State Bill Page https://lis.virginia.gov/bill-details/20261/SB129
BillText https://lis.virginia.gov/bill-details/20261/SB129/text/CHAP0566
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB129) https://lis.blob.core.windows.net/files/1215548.PDF
BillText https://lis.virginia.gov/bill-details/20261/SB129/text/SB129ER
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB129) https://lis.blob.core.windows.net/files/1214714.PDF
BillText https://lis.virginia.gov/bill-details/20261/SB129/text/SB129S2
Conference Report SB129 https://lis.virginia.gov/bill-details/20261/SB129/text/SB129AC
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB129) https://lis.blob.core.windows.net/files/1186792.PDF
BillText https://lis.virginia.gov/bill-details/20261/SB129/text/SB129H1
BillText https://lis.virginia.gov/bill-details/20261/SB129/text/SB129HC1
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB129) https://lis.blob.core.windows.net/files/1169413.PDF
BillText https://lis.virginia.gov/bill-details/20261/SB129/text/SB129S1
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB129) https://lis.blob.core.windows.net/files/1096982.PDF
BillText https://lis.virginia.gov/bill-details/20261/SB129/text/SB129
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