                                 CODE OF VIRGINIA

RENEWALS OF PERMITS (§ 58.1-4033)

A. A permit issued pursuant to &#xA7; 58.1-4032 shall be valid for three years
from the date issued.

B. At least 60 days before the expiration of a permit, the permit holder shall
submit a renewal application, on forms prescribed by the Director, with a
nonrefundable renewal fee of $200,000. Such fees shall be deposited into the
Gaming Regulatory Fund established pursuant to &#xA7; 58.1-4048.

C. The Director may deny a permit renewal if he finds grounds for denial as
described in subsection F of &#xA7; 58.1-4032. The Director&#8217;s action shall
be final unless appealed in accordance with &#xA7; 58.1-4007.

D. The Director shall make a determination on an application for a renewal of a
sports betting permit within 60 days of receipt. The Director&#8217;s action
shall be final unless appealed in accordance with &#xA7; 58.1-4007.

HISTORY: 2020, cc. 1218, 1256; 2023, cc. 586, 587.