West Virginia Lawmakers Introduce New Online Gambling Bill

0
270
West Virginia Lawmakers Introduce New Online Gambling Bill

Bill H 2934, or The West Virginia Lottery Interactive Wagering Act Introduced by the State of Virginia Law Makers

Lawmakers in West Virginia introduced a new online gambling bill that will legalize online activities across the state. Bill H 2934, or The West Virginia Lottery Interactive Wagering Act, would allow Hollywood Casino, Delaware North, Greenbrier Resort and Mountaineer Racetrack and Casino, to offer online gambling activities, if supported, approved and passed through the state’s Senate.

If the group of lawmakers are successful with their proposition the West Virginia Lottery Commission will be responsible for administering the licenses and for regulating the market. Included in the new bill, state representatives are asking for the approval of online slots and table games. Lawmakers are proposing a $250,000 licensing fee. Licenses will be valid for 5 years, after operators will have to pay a renewal fee of $100,000. Tax rates for online activities would be 10% of all adjusted gross wagering’s with tax levy’s being collected on a weekly basis.

The Commission stated that in conjunction with operator licenses they would also award several other licenses to open up the market to welcome different brands such as management service provider licenses. As of current, the West Virginia Lottery Interactive Wagering Act is waiting for the first consideration within the House Judiciary Committee.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.