SB 827: Virginia Lottery; Internet gaming authorized, penalties.

Summary

Virginia Lottery; casinos; Internet gaming authorized; penalties. Authorizes Internet gaming in the Commonwealth to be regulated by the Virginia Lottery Board. The bill permits the Board to issue an Internet gaming operator license to a casino gaming operator that submits an application on forms approved by the Board, meets certain qualifications, and pays an application fee of $1 million. The tax rate is set at 15 percent of an Internet gaming operator's adjusted gross Internet gaming revenue with 2.5 percent allocated to the Problem Gambling Treatment and Support Fund and the remaining 97.5 percent allocated to the general fund.

Latest recorded action

Passed by indefinitely in General Laws and Technology with letter (12-Y 0-N)

Jan 22, 2025

This is the latest action supplied by the source, not the full legislative history.

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