What's Hot

    FCC Chair Threatens Licenses of Broadcasters Over Iran Coverage | Invesloan.com

    March 14, 2026

    Medicare Advantage is dealing with a actuality test — and seniors are those who can pay for it | Invesloan.com

    March 14, 2026

    Can my spouse swap to my Social Security advantages if she was born after 1954? I obtain much more than she does. | Invesloan.com

    March 14, 2026
    Facebook Twitter Instagram
    Finance Pro
    Facebook Twitter Instagram
    invesloan.cominvesloan.com
    Subscribe for Alerts
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    invesloan.cominvesloan.com
    Home » Virginia Democrats suggest 10% tax on fantasy sports activities betting platforms | Invesloan.com
    Politics

    Virginia Democrats suggest 10% tax on fantasy sports activities betting platforms | Invesloan.com

    February 7, 2026Updated:February 7, 2026
    Share
    Facebook Twitter LinkedIn Pinterest Email

    NEWYou can now listen to Fox News articles!

    Amid a slew of fresh taxes proposed by the newly emboldened Democratic majority in Virginia, the latest entry seeks to sack people’s fantasy football leagues.

    The Fantasy Contests Act, authored by Sen. Adam Ebbin, D-Alexandria, would impose a 10% tax on fantasy sports revenue from games played within the Commonwealth.

    Five percent, or 0.5 percentage points of the overall 10% tax, would go to the state’s problem-gambler treatment fund, while the other 95% (9.5 percentage points) would go to the state’s general fund.

    VICTORIOUS VIRGINIA DEMOCRATS MORPH FROM PRETEND MODERATES INTO LIBERAL EXTREMISTS OVER NIGHT

    Fantasy Football Draft notes

    Fantasy Football Draft Notes. (iStock)

    It also requires fantasy sports contest operators to register with the Virginia Department of Agriculture and obtain a permit before offering any games to people in the Commonwealth.

    Fox News Digital reached out to Ebbin for comment on the tax, and how he came up with the idea for it.

    While Ebbin did not respond by press time, Fox News Digital also attempted to press the senator on how this latest levy aligns with Virginia Democrats’ campaign mantra of “affordability.”

    Fox News Digital also reached out to the state’s two legislative Republican caucuses for additional comment.

    The Virginia Lottery would have rulemaking and oversight authority over daily fantasy sports, according to Gambling Insider.

    Washington Redskins/Commanders training camp

    Washington Commanders’ Austin Ekeler #30 trains in Ashburn, Virginia. (Scott Taetsch/Getty Images)

    Other states are also considering legislation providing oversight or regulation of fantasy sports, including Illinois, the outlet reported.

    There, a bill would grant the state’s gaming board the ability to tax and regulate such play at anywhere from 10 to 15%.

    The Washington think tank Americans for Tax Reform came out swinging against the legislation with a full article-length critique of Ebbin’s plan.

    “As with every tax and fee imposed on businesses, the cost doesn’t stay with the company; it’s ultimately passed on to consumers,” ATR wrote.

    Josh Allen throws

    Buffalo Bills quarterback Josh Allen works out prior to an NFL wild-card playoff football game against the Jacksonville Jaguars in Jacksonville, Florida, on Sunday, Jan. 11, 2026. (Chris O’Meara/AP Photo)

    “This new tax inevitably translates into smaller prize pools, higher entry fees, fewer promotions and bonuses, and less competition in the market. In other words, Virginia players are the ones who end up footing the bill.”

    ATR also criticized the logic behind how the bill was crafted, saying that if fantasy sports truly are skill-based — in that players use their sports knowledge to draft, start, sit and trade players — they should not be taxed “as though they were a vice.”

    Virginia Democrats have also proposed a slew of other tax proposals — aside from their plan to redistrict potentially every Republican congressman except Morgan Griffith out of their seat.

    CLICK HERE TO DOWNLOAD THE FOX NEWS APP

    One such bill creates a net-investment income tax on trusts and estates, raising the Commonwealth’s top marginal rate to just under 10%.

    Other proposals create new high-tax brackets, levy Second Amendment related purchases like an 11% tax on ammunition, place a tax on home-delivery services like Amazon, UPS and Uber Eats, and expand the current breadth of the state sales tax to include purchases not previously taxed under Gov. Glenn Youngkin’s tenure or earlier.

    Charles Creitz is a reporter for Fox News Digital. 

    He joined Fox News in 2013 as a writer and production assistant. 

    Charles covers media, politics and culture for Fox News Digital.

    Charles is a Pennsylvania native and graduated from Temple University with a B.A. in Broadcast Journalism. Story tips can be sent to [email protected].

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Keep Reading

    DC Water completes Potomac River sewage spill repairs after Trump assist | Invesloan.com

    Obama Foundation seeks 100 unpaid volunteers for $850M heart opening | Invesloan.com

    Kaine, Warner dig in in opposition to DHS funding regardless of capturing at ODU | Invesloan.com

    Democrats accuse Republicans of strolling away from authorities shutdown talks | Invesloan.com

    Talarico faces backlash for sixth-grader ‘Obama memoirs’ project | Invesloan.com

    Michigan Senate candidates cut up on DHS funding after terror incidents | Invesloan.com

    Virginia Democrats ship gun management bundle to Gov. Abigail Spanberger | Invesloan.com

    JD Vance touts financial system beneficial properties, addresses Iran army operation in NC | Invesloan.com

    JD Vance says California subsequent goal for fraud probe after $19B discovered | Invesloan.com

    LATEST NEWS

    FCC Chair Threatens Licenses of Broadcasters Over Iran Coverage | Invesloan.com

    March 14, 2026

    Medicare Advantage is dealing with a actuality test — and seniors are those who can pay for it | Invesloan.com

    March 14, 2026

    Can my spouse swap to my Social Security advantages if she was born after 1954? I obtain much more than she does. | Invesloan.com

    March 14, 2026

    Photos: Fire at Key UAE Oil Hub Day After US Attack on Iran Oil Depot | Invesloan.com

    March 14, 2026
    POPULAR

    China’s first passenger jet completes maiden commercial flight

    May 28, 2023

    Numbers taking US accountancy exams drop to lowest level in 17 years

    May 29, 2023

    Toyota chair faces removal vote over governance issues

    May 29, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!
    Facebook Twitter Pinterest WhatsApp Instagram
    © 2007-2023 Invesloan.com All Rights Reserved.
    • Privacy
    • Terms
    • Press Release
    • Advertise
    • Contact

    Type above and press Enter to search. Press Esc to cancel.

    invesloan.com
    Manage Cookie Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}