summary
Introduced
01/29/2026
01/29/2026
In Committee
01/29/2026
01/29/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Sports betting; NCAA Division I sports. Creates an exception to the prohibition on placing or accepting bets on Virginia college sports by allowing such bets to be placed or accepted on Virginia colleges participating in an NCAA Division I competition for a given sport. The bill also imposes a tax of 50 percent on permit holders for bets placed on NCAA Division I sports played at Virginia colleges and universities and directs the Virginia Lottery to allocate 100 percent of such tax revenue to the NCAA Division I Sports Betting Fund, created in the bill, for the purpose of supporting NCAA Division I college and university athletic programs in the Commonwealth. The bill's effective date is contingent upon the enactment of legislation by the General Assembly that establishes a Virginia Gaming Commission or other similar agency for the purposes of overseeing legal forms of gaming in the Commonwealth.
AI Summary
This bill creates an exception to the current prohibition on sports betting on Virginia college sports, allowing bets on NCAA Division I competitions involving Virginia colleges and universities. It also imposes a significantly higher tax of 50 percent on the revenue generated from these specific bets, compared to the standard 15 percent tax on other sports bets. The revenue from this 50 percent tax will be entirely directed to a newly established NCAA Division I Sports Betting Fund, which will be used to support athletic programs at NCAA Division I colleges and universities within Virginia, with funds distributed proportionally based on the revenue generated by each program. This bill will only take effect if the General Assembly passes separate legislation to establish a Virginia Gaming Commission or a similar oversight body for gaming in the Commonwealth.
Committee Categories
Justice
Sponsors (1)
Last Action
Left in Committee General Laws (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB1527 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1527/text/HB1527 |
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