Virginia’s attorney general last week issued an opinion that falls in line with what decision-makers in other states have been saying throughout the fall — fantasy sports pick’em contests “constitute sports betting as defined” by state law.
The opinion won’t immediately change how fantasy sports are regulated or taxed in Virginia, but it may lay the groundwork for the state legislature or the Virginia Lottery to follow what regulators in Michigan and New York have done and ban the contests.
Pick’em-style contests, in which the consumer plays against the house rather than a group of peers, have been under fire this year.
