West Virginia University and Marshall University reportedly reached a "tentative agreement" on Thursday to receive a cut of sports betting revenue, according to ESPN.com's David Payne Purdum.
In March, West Virginia's state legislature passed a bill legalizing sports betting. However, the bill cannot formally become law until the United States Supreme Court issues a ruling on the Professional Amateur Sports Protection Act of 1992.
If the law goes into effect, it's unclear how, exactly, West Virginia and Marshall will be paid their fees.
According to Purdum, the schools could potentially receive their slice of the pie through "an increase in funds from the general budget to help defray costs associated with enforcement issues."
On Thursday, West Virginia Gov. Jim Justice announced that the state will not commit monetary resources to fund an integrity fee—which is essentially a tax on betting handles.
"I insisted from day one that no part of an integrity fee for sports betting would be paid by the state," Justice said Thursday. "I demanded that the entire fee be paid by the casinos.
"Additional dollars received by the state from sports betting will be utilized for the benefit of many of our residents. However, all of this is a moot issue until the U.S. Supreme Court rules on the legality of sports gaming across the country."