Virginia Administrative Code
Title 11 - GAMING
Agency 10 - VIRGINIA RACING COMMISSION
Chapter 45 - ADVANCE DEPOSIT ACCOUNT WAGERING
Section 11VAC10-45-50 - Fees
Universal Citation: 1 VA Admin Code 10-45-50
Current through Register Vol. 41, No. 3, September 23, 2024
A. Application for account wagering license.
1. A nonrefundable
application fee of $5,000 must be submitted with the application.
2. The applicant will be billed and shall be
responsible for any costs involved in the background checks and review of the
application in excess of $5,000.
B. Annual fees.
1. An annual fee of $1,000 shall be payable
to the commission on issuance of the original license and thereafter on or
before January 1 of each year. The licensee will be billed and shall be
responsible for any costs in excess of $1,000 associated with the review of the
annual renewal application.
2. A
license fee of one and one-half percent (1.5%) of the gross total handle from
the source market area shall be payable to the commission on the tenth day of
each month for the previous month.
Statutory Authority: § 59.1-369 of the Code of Virginia.
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