SB 129: Fantasy contests; regulation and taxation, civil penalty, repeals Fantasy Contests Act.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Fantasy contests; regulation and taxation. Imposes (i) a 10 percent tax on a fantasy contest operator's fantasy contest revenue, with 2.5 percent of the tax revenue being allocated to the Problem Gambling Treatment and Support Fund and the remaining 97.5 percent being allocated to the general fund, and (ii) a 2.6 percent fee on a fantasy contests operator's fantasy contest revenue to be utilized by the Virginia Lottery to cover the costs of administration and regulation of fantasy contests in the Commonwealth. The bill also limits the definition of "fantasy contest" and requires fantasy contest operators to apply to the Virginia Lottery for a permit before offering any fantasy contest in the Commonwealth. This bill is identical to HB 145.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. April 13, 2026Acts of Assembly Chapter text (CHAP0566)
2. April 13, 2026Approved by Governor-Chapter 566 (effective 7/1/2026)
3. April 2, 2026Fiscal Impact Statement from Department of Planning and Budget (SB129)
4. March 31, 2026Governor's Action Deadline 11:59 p.m., April 13, 2026
5. March 31, 2026Enrolled Bill communicated to Governor on March 31, 2026
6. March 31, 2026Signed by Speaker
7. March 30, 2026Signed by President
8. March 30, 2026Bill text as passed Senate and House (SB129ER)
9. March 30, 2026Enrolled
10. March 27, 2026Fiscal Impact Statement from Department of Planning and Budget (SB129)
11. March 13, 2026Conference report agreed to by Senate (26-Y 12-N 0-A)
12. March 13, 2026Conference report agreed to by House (88-Y 7-N 0-A)

Showing 12 most recent of 40 actions. Full history