Virginia Regulator Passes On Sports-Betting Payout Cap

• Virginia Lottery director says rules will not include Tennessee-style payout cap 
• Draft rules for permit applications, customer protections released Wednesday
• Virginia Lottery targeting January 2021 launch for sports betting

Virginia’s top gaming regulator has said that although his state’s legislative sports-betting model most closely resembles that of Tennessee, it will not be following in the Volunteer State’s footsteps when it comes to its most controversial sports-betting rule.