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п»їCasinos, Online Sports Betting Gaining Traction In Virginia.
Along with drafting regulations for proposed casinos, the Virginia Lottery has approved five permits for live sports wagering in Virginia.
Mark Hand , Patch Staff.
VIRGINIA — The Virginia Lottery Board on Wednesday approved initial regulations for proposed casinos in Bristol, Danville, Norfolk, Portsmouth and Richmond. In 2020, the General Assembly designated the Virginia Lottery as the regulator of casinos in the state, along with mobile sports wagering.
For casinos, the Virginia Lottery will require that each game that operates electronically be connected to a central monitor and control system. Casino wagers must be conducted only with tokens, chips, or electronic cards purchased from the facility operator. Casinos will not be allowed to extend credit to players.
The Virginia Lottery said it will refine the initial regulations through a rulemaking process that will include an opportunity for public participation. The 2020 casino legislation passed by the General Assembly required adoption of an initial regulatory framework by April 2021.
At its Wednesday meeting, the Virginia Lottery Board also received an update on the recent launch of mobile sports betting in Virginia.
Live sports wagering launched in Virginia on Jan. 21 and now includes five approved permit holders: FanDuel in conjunction with the Washington Football Team; Draft Kings; BetMGM LLC; Rivers Casino Portsmouth; and Caesars Virginia LLC.
"The Lottery's role as regulator is based on its three-decade track record as a respected and trusted gaming authority in the Commonwealth," Kevin Hall, executive director of the Virginia Lottery, said in a statement. "The Lottery's professional staff and our Board will work to protect the public interest by ensuring the integrity of casino gaming through the strict enforcement of the law and our regulations."
For casino operators, the Virginia Lottery said it will conduct a review of casino operators when applications are submitted, including criminal history and financial reviews of designated gaming operators. Regulatory requirements also will specify internal controls and on-site security and surveillance requirements.
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The gaming industry can be a little bit tricky to navigate especially if you are interested in playing both sports and casino. You will be able to play your favorite casino games while you browse our sportsbook which offers some of the most competitive odds in the industry. In the past, you had to make a choice between a sportsbook or casino website. Usually a sportsbook that provides casino games or vice versa but don't specialize in both because that has never been the norm. We are here to change that.
When making a decision on where you would like to deposit before wagering, it is important to understand the overall picture of what type of experience you are looking for. Not all customers want or expect the same experience when wagering online therefore it is important for us to understand how we can tailor your account to meet and hopefully exceed your expectations as a customer. When opening a new account with us, you can receive real time assistance in order to specify what type of player you are.
Another advantage of having all of your action in one place is the ability to better manage your money. Money management while enjoying gambling entertainment is often overlooked but is integral when it comes to getting the most action for your dollar. Why manage separate accounts when you can do everything you need in the same place? As individuals with real world experience, we understand that being able to shop at one place to get several items is the ideal situation which is why there are supermarkets in every city. We also know that not all supermarkets are created equal which is why we have employed the best online gaming professionals in the industry. Providing a service is one thing, providing the best service is our commitment.
The ability to make deposits and request a withdrawal is fundamental to the online gaming experience. In terms of deposit options, we are second to none. Whether is using your credit card, E-Wallet or Cryptocurrency, we have you covered. We suggest speaking to one of our customer service agents online or over the phone when making your first deposit in order to help you choose the best option for the type of action you are looking for.
Of course you are free to make the deposit yourself online however we do feel that a little bit of advice can go a long way in ensuring you make the correct choice. This applies to making withdrawals as well because there is nothing more frustrating then asking for your money and not receiving it in a timely manner. Our customer service professionals will let you know what is required of you ahead of time so that when it's time to cash out your winnings, there isn't anything required of you which can cause a delay. We would like to provide you with all pertinent information up front therefore ensuring that things happen on your schedule.
Often times in the gaming industry, customer dissatisfaction comes from a lack of transparency. We have implemented the necessary steps with our employee training to make sure that go above and beyond industry standard when it comes to making deposits and requesting withdrawals.
Above all, we pride ourselves in making our customer experience as straightforward as possible. We understand that this is an industry where finding the right fit can be difficult with all of the available choices. With that in mind, we have chosen to focus on the pillars of what makes online gaming so much fun for our customers. Reliable and experienced gaming professionals who will provided you with detailed information that answers questions proactively while also assisting you with getting money in and out of your account in a timely and efficient manner.
Nine Michigan casinos begin online sports betting and gaming this weekend.
LANSING, Mich. (WJRT) - Online gambling and sports betting will be allowed in Michigan for the first time this weekend.
The Michigan Gaming Control Board has authorized nine casinos in the state to begin online operations at noon Friday. The board is reviewing more applications and may authorize additional online gambling or betting options later.
“Michigan residents love sports and, judging by inquiries we’ve received, eagerly anticipate using mobile devices to place bets through the commercial and tribal casinos,” said Gaming Control Board Executive Director Richard Kalm. “Online gaming and sports betting will provide the casinos with new ways to engage with customers while the state and local communities will benefit from taxes and payments on wagering revenue.”
Michigan is collecting an 8.4% tax on sports betting and 20% to 28% tax on online gambling. Detroit’s casinos may have to pay an additional municipal services fee on top of that.
The online gaming and betting revenue from Detroit casinos will be divided with 30% going to the city, 65% going to state funds and 5% going to the Michigan Agriculture Equine Industry Development Fund. A provision allows the city to collect a minimum of $183 million per year.
For tribal casinos, 90% of payments to the state from online sports betting will go to a state fund and 10% will go to the Michigan Strategic Fund, which is used for economic development projects. State online gaming revenue will be split with 20% going to local municipalities, 70% to a state fund and 10% to the Michigan Strategic Fund.
The state’s share of online gaming and betting revenue will help pay for Michigan Gaming Control Board operations, the Compulsive Gambling Prevention Fund, First Responder Presumed Coverage Fund and school funding.
The nine casinos approved for online gambling and sports betting on Friday are:
“We want the public to have confidence when they place wagers, and our agency has required the providers to prove they meet Michigan’s standards, which are designed to protect the participants,” Kalm said.
Copyright 2021 WJRT. All rights reserved.
How To Gamble: Sports Betting & Online Casino.
Ever since online gambling sites were launched back in the вЂ90s, the gambling industry hasn’t stopped expanding and evolving. Nowadays, if you wish to gamble, you don’t even have to leave the comfort of your home.
There are so many online platforms where you can play a game of poker or bet on your favorite team. However, this wide range of casinos and sports betting sites can also be overwhelming and leave gambling newbies overwhelmed. If you wish to put your luck to the test but you are a gambling virgin, here are a couple of tips that will help you to better understand these sites and how they work.
Always look for legit sites.
Regardless of whether you wish to play blackjack, bingo, poker, craps, or bet on a basketball game, you should always make sure the site you are gambling on or placing a bet at is licensed.
Online casinos and sportsbooks answer to no one when they do not possess a legitimate license. That means they can take your funds, keep your deposit as well as winnings and you won’t be able to do a thing about it. Even worse, they may steal your credit card information and make your life a living hell.
Therefore, check out online reviews to see what others have to say about your chosen platform. For example, take a look at what Casino Bros offers. There, you will find a list of tested, licensed, legit casinos so you won’t have to worry about your safety when gambling online.
Start small.
You won’t become rich overnight, but you can easily lose your life savings in one sitting if you get carried away. Therefore, instead of making large bets, start small.
While you are still getting the hang of things and working on your strategies, don’t bet too much per contestant or invest too much in a game of poker. When you start betting, determine how much you have for a bankroll and set this amount aside. Don’t use it for anything else, just for sports betting.
Divide this amount by 100, and do not make larger bets than this amount. This is a good strategy if you are just diving into the gambling pool and trying to figure out what your best options are. Of course, you are going to make mistakes, but with such small bets, it won’t matter so much.
Focus on one sport.
Usually, newbie bettors start their gambling journey by betting on big games, such as the NCAA basketball tournament. This may sound logical, but betting on something you do not know a great deal about is a huge mistake.
Instead of betting on everything, focus on one thing. You cannot know everything there is about NFL, MLB, as well as NBA, so pick one sport and stick with it. Even better, focus on one smaller part of one sport.
Required information.
Keep in mind that at some point you’ll be asked to provide identification documents. This is a completely standard procedure and you have nothing to worry about, especially if you are using a legit platform. This way, sites are able to prevent fraud and money laundering.
Preferable deposit methods.
Although you will be able to make a deposit with your credit or debit card, it is better to use an e-wallet. This way you won’t have to leave your credit card number on a gambling site, and your mind will be at ease. It is interesting that a lot of casinos and sportsbooks have started to accept Bitcoin deposits in recent years.
Keep in mind that betting online is addictive, although no more than betting offline. Therefore, if you feel like your gambling habits are getting out of your hands, take a break from these activities and seek help before this problem gets any worse.
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