{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-4037.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-4037.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-4037.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-4037.html"}],"law_id":78020,"edition_id":1,"section_id":78020,"structure_id":14842,"section_number":"58.1-4037","catch_line":"Tax on adjusted gross revenue","history":"2020, cc. 1218, 1256.","full_text":"A\n\nThere shall be imposed a tax of 15 percent on a permit holder’s adjusted gross revenue.B\n\nThe tax imposed pursuant to this section is due monthly to the Department, and the permit holder shall remit it on or before the twentieth day of the next succeeding calendar month. If the permit holder’s accounting necessitates corrections to a previously remitted tax, the permit holder shall document such corrections when it pays the following month’s taxes.C\n\nIf the permit holder’s adjusted gross revenue for a month is a negative number, the permit holder may carry over the negative amount to a return filed for a subsequent month and deduct such amount from its tax liability for such month, provided that such amount shall not be carried over and deducted against tax liability in any month that is more than 12 months later than the month in which such amount was accrued.","order_by":null,"text":{"0":{"id":279728,"text":"There shall be imposed a tax of 15 percent on a permit holder’s adjusted gross revenue.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":279729,"text":"The tax imposed pursuant to this section is due monthly to the Department, and the permit holder shall remit it on or before the twentieth day of the next succeeding calendar month. If the permit holder’s accounting necessitates corrections to a previously remitted tax, the permit holder shall document such corrections when it pays the following month’s taxes.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":279730,"text":"If the permit holder’s adjusted gross revenue for a month is a negative number, the permit holder may carry over the negative amount to a return filed for a subsequent month and deduct such amount from its tax liability for such month, provided that such amount shall not be carried over and deducted against tax liability in any month that is more than 12 months later than the month in which such amount was accrued.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14842,"edition_id":1,"name":"Sports Betting","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13968,"metadata":{},"date_created":"2026-06-26 03:50:19","date_modified":"2026-06-26 03:50:19","permalink":{"id":259243,"object_type":"structure","relational_id":14842,"identifier":"2","token":"58.1\/IV\/40\/2","url":"\/58.1\/IV\/40\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13968,"edition_id":1,"name":"Virginia Lottery Law; Sports Betting","identifier":"40","label":"chapter","depth":3,"order_by":1,"parent_id":13501,"metadata":{},"date_created":"2026-06-26 03:46:27","date_modified":"2026-06-26 03:46:27","permalink":{"id":259075,"object_type":"structure","relational_id":13968,"identifier":"40","token":"58.1\/IV\/40","url":"\/58.1\/IV\/40\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13501,"edition_id":1,"name":"Other Sources of State Revenue","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:45:05","date_modified":"2026-06-26 03:45:05","permalink":{"id":259073,"object_type":"structure","relational_id":13501,"identifier":"IV","token":"58.1\/IV","url":"\/58.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":67888,"structure_id":14842,"section_number":"58.1-4030","catch_line":"Definitions","url":"\/58.1-4030\/","token":"58.1\/IV\/40\/2\/58.1-4030","metadata":false},{"id":84595,"structure_id":14842,"section_number":"58.1-4031","catch_line":"Powers and duties of the Director related to sports betting; reporting","url":"\/58.1-4031\/","token":"58.1\/IV\/40\/2\/58.1-4031","metadata":false},{"id":79490,"structure_id":14842,"section_number":"58.1-4032","catch_line":"Application for a sports betting permit; penalty","url":"\/58.1-4032\/","token":"58.1\/IV\/40\/2\/58.1-4032","metadata":false},{"id":85758,"structure_id":14842,"section_number":"58.1-4033","catch_line":"Renewals of permits","url":"\/58.1-4033\/","token":"58.1\/IV\/40\/2\/58.1-4033","metadata":false},{"id":65420,"structure_id":14842,"section_number":"58.1-4034","catch_line":"Duties of permit holders","url":"\/58.1-4034\/","token":"58.1\/IV\/40\/2\/58.1-4034","metadata":false},{"id":82167,"structure_id":14842,"section_number":"58.1-4035","catch_line":"Suspension and revocation of permits; civil penalties","url":"\/58.1-4035\/","token":"58.1\/IV\/40\/2\/58.1-4035","metadata":false},{"id":73770,"structure_id":14842,"section_number":"58.1-4036","catch_line":"Use of official league data","url":"\/58.1-4036\/","token":"58.1\/IV\/40\/2\/58.1-4036","metadata":false},{"id":78020,"structure_id":14842,"section_number":"58.1-4037","catch_line":"Tax on adjusted gross revenue","url":"\/58.1-4037\/","token":"58.1\/IV\/40\/2\/58.1-4037","metadata":false},{"id":82569,"structure_id":14842,"section_number":"58.1-4038","catch_line":"Distribution of tax revenue","url":"\/58.1-4038\/","token":"58.1\/IV\/40\/2\/58.1-4038","metadata":false},{"id":83622,"structure_id":14842,"section_number":"58.1-4039","catch_line":"Events on which betting is prohibited; penalty","url":"\/58.1-4039\/","token":"58.1\/IV\/40\/2\/58.1-4039","metadata":false},{"id":76314,"structure_id":14842,"section_number":"58.1-4040","catch_line":"Underage betting prohibited; penalty","url":"\/58.1-4040\/","token":"58.1\/IV\/40\/2\/58.1-4040","metadata":false},{"id":84262,"structure_id":14842,"section_number":"58.1-4041","catch_line":"Persons prohibited from sports betting; penalty","url":"\/58.1-4041\/","token":"58.1\/IV\/40\/2\/58.1-4041","metadata":false},{"id":86916,"structure_id":14842,"section_number":"58.1-4042","catch_line":"Operation and advertising of unpermitted facilities prohibited; penalty","url":"\/58.1-4042\/","token":"58.1\/IV\/40\/2\/58.1-4042","metadata":false},{"id":87015,"structure_id":14842,"section_number":"58.1-4043","catch_line":"Reporting and investigating prohibited conduct","url":"\/58.1-4043\/","token":"58.1\/IV\/40\/2\/58.1-4043","metadata":false},{"id":76389,"structure_id":14842,"section_number":"58.1-4044","catch_line":"Required direct notification to the Department and to sports governing bodies","url":"\/58.1-4044\/","token":"58.1\/IV\/40\/2\/58.1-4044","metadata":false},{"id":77288,"structure_id":14842,"section_number":"58.1-4045","catch_line":"Liquidity pools","url":"\/58.1-4045\/","token":"58.1\/IV\/40\/2\/58.1-4045","metadata":false},{"id":70003,"structure_id":14842,"section_number":"58.1-4046","catch_line":"Intermediate routing of electronic data","url":"\/58.1-4046\/","token":"58.1\/IV\/40\/2\/58.1-4046","metadata":false},{"id":58504,"structure_id":14842,"section_number":"58.1-4047","catch_line":"Certain provisions in Article 1 (\u00a7 58.1-4000 et seq.) to apply, mutatis mutandis","url":"\/58.1-4047\/","token":"58.1\/IV\/40\/2\/58.1-4047","metadata":false},{"id":56740,"structure_id":14842,"section_number":"58.1-4048","catch_line":"Gaming Regulatory Fund","url":"\/58.1-4048\/","token":"58.1\/IV\/40\/2\/58.1-4048","metadata":false}],"previous_section":{"id":73770,"structure_id":14842,"section_number":"58.1-4036","catch_line":"Use of official league data","url":"\/58.1-4036\/","token":"58.1\/IV\/40\/2\/58.1-4036","metadata":false},"next_section":{"id":82569,"structure_id":14842,"section_number":"58.1-4038","catch_line":"Distribution of tax revenue","url":"\/58.1-4038\/","token":"58.1\/IV\/40\/2\/58.1-4038","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-4037\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapters 1218<\/a> and 1256<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":82569,"section_number":"58.1-4038","catch_line":"Distribution of tax revenue","order_by":null,"url":"\/58.1-4038\/"},{"id":61944,"section_number":"58.1-4124","catch_line":"Tax rate on adjusted gross receipts","order_by":null,"url":"\/58.1-4124\/"}],"refers_to":false,"permalink":{"id":259273,"object_type":"law","relational_id":78020,"identifier":"58.1-4037","token":"58.1\/IV\/40\/2\/58.1-4037","url":"\/58.1-4037\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-4037\/","token":"58.1\/IV\/40\/2\/58.1-4037","dublin_core":{"Title":"Tax on adjusted gross revenue","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-4037","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> There shall be imposed a tax of 15 percent on a permit holder<\/span>’s adjusted gross revenue<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The tax imposed pursuant to this section is due monthly to the Department<\/span>, and the permit holder<\/span> shall remit it on or before the twentieth day of the next succeeding calendar month. If the permit holder<\/span>’s accounting necessitates corrections to a previously remitted tax, the permit holder<\/span> shall document such corrections when it pays the following month’s taxes. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If the permit holder<\/span>’s adjusted gross revenue<\/span> for a month is a negative number, the permit holder<\/span> may carry over the negative amount to a return filed for a subsequent month and deduct such amount from its tax liability for such month, provided that such amount shall not be carried over and deducted against tax liability in any month that is more than 12 months later than the month in which such amount was accrued. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTAX ON ADJUSTED GROSS REVENUE (\u00a7 58.1-4037)\n\nA. There shall be imposed a tax of 15 percent on a permit holder’s\nadjusted gross revenue.\n\nB. The tax imposed pursuant to this section is due monthly to the Department,\nand the permit holder shall remit it on or before the twentieth day of the next\nsucceeding calendar month. If the permit holder’s accounting necessitates\ncorrections to a previously remitted tax, the permit holder shall document such\ncorrections when it pays the following month’s taxes.\n\nC. If the permit holder’s adjusted gross revenue for a month is a negative\nnumber, the permit holder may carry over the negative amount to a return filed\nfor a subsequent month and deduct such amount from its tax liability for such\nmonth, provided that such amount shall not be carried over and deducted against\ntax liability in any month that is more than 12 months later than the month in\nwhich such amount was accrued.\n\nHISTORY: 2020, cc. 1218, 1256.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}