Virginia Regulatory Town Hall
Virginia Racing Commission
Virginia Racing Commission
Advance Deposit Account Wagering [11 VAC 10 ‑ 45]
Action is Exempt from Article 2 of the Administrative Process Act
To amend Chapter 45 to conform to changes made to the Code of Virginia by HB 2626.
Action 2506
General Information
Action Summary HB 2626 was passed in March of 2007 and gives the Commission the ability to issue a temporary license to an account wagering company when an agreement cannot be reached among the account wagering company, the unlimited licensee, and the recognized majority horsemen groups. As a result, Chapter 45 of the Virginia Racing Commission’s regulations is being amended to conform to the changes that were made to the Code of Virginia as provided for in HB 2626. The amendments add definitions for Advanced Deposit Account Wagering, Handle, and Retainage in order to streamline and clarify various sections of the regulations. These amendments also give the Virginia Racing Commission the authority to intervene in contract negotiations regarding account wagering by issuing a temporary license if an agreement cannot be reached among the parties involved.
Chapters Affected Only affects this chapter.
Executive Branch Review This Action is exempt from Article 2 of the Administrative Process Act. The normal executive branch review process is not required. As such, it can be submitted directly for publication and is effective upon publication.
Exempt Citation: 59.1-369(5)
RIS Project Yes  [001017]
New Periodic Review This action will not be used to conduct a new periodic review.
Stages associated with this regulatory action.
Stage ID Stage Type Status
4375 Final Stage complete. This regulation became effective on 12/12/2007.
Contact Information
Name / Title: David S. Lermond, Jr.  / Regulatory Coordinator
Address: 10700 Horsemen's Rd.
New Kent, VA 23024
Email Address:
Phone: (804)966-7404    FAX: (804)966-7418   

This person is the primary contact for this chapter.