West virginia igaming bill betnj spread spread

West Virginia iGaming Bill

A West Virginia igaming bill is currently awaiting approval from Governor Jim Justice. This bill will allow legal, regulated online gambling in the state of West Virginia. The West Virginia igaming bill discusses licenses, taxes, games, and venues all pertaining to new online gambling legislation.

There is currently a bill waiting for final ratification at the Governor's office in West Virginia. This accomplishment will make West Virginia the fifth state in the US to move forward with legal and regulated online gambling.

Delegate Jason Barrett introduced this bill to the House in February 2019. This bill, known as the West Virginia Lottery Interactive Wagering Act has processed through both chambers of the legislature and currently awaits a signature from Governor Jim Justice. The West Virginia Lottery Interactive Wagering Act sped its way long, passing the House in February and the Senate at the start of March with a large number in favor.

Governor Justice had allowed the state’s sports betting legislation to pass into law without receiving his signature and he can do the same with this online gambling bill as well.

West Virginia would join several other states in allowing regulated online gambling, including New Jersey, Nevada, Delaware, and Pennsylvania.

This bill discusses many requisites for establishing regulated online gambling in the state including:

  • Casino licenses
  • iGaming taxes
  • Games offered
  • Land-based venues

West Virginia casino licenses

Five-year licenses will be granted to state-based casinos. These licenses will run at a cost of $250,000 (£192,600/€222,300).

online gambling taxes

Following suit of other states with legalized and regulated online gambling, West Virginia igaming taxes will run at 15% of gross gaming revenue.

Games offered through online gambling sites

Similar to other states with regulated online casinos, operators will be able to offer online slots, poker, and table games.

Land-based venues

The following land-based venues will, under this new bill, be allowed to run online brands as skins. These skins will be licensed under the land-based casinos’ licenses.

  • Hollywood Casino
  • Mountaineer Racetrack and Casino
  • Delaware North’s Nitro and Wheeling properties
  • Greenbrier Resort

 

Information Sources

https://www.igamingbusiness.com