Bill > SB1287

This bill: Establishes the Virginia Gaming Commission as an independent state agency responsible for overseeing and regulating various forms of gaming in the Commonwealth, including charitable gaming, casino gaming, sports betting, fantasy contests, and horse racing. The bill creates a comprehensive regulatory framework that includes establishing a Gaming Commission Board with 11 members, appointing a Commissioner, and defining their powers and duties. The Commission will have broad authority to issue licenses, conduct investigations, promulgate regulations, and ensure the integrity of gaming operations. Key provisions include creating a voluntary exclusion program, establishing consumer protection measures, and implementing a taxation structure for different types of gaming activities. The bill also sets forth detailed requirements for licensing, background investigations, prohibited acts, and penalties for violations across different gaming sectors. The legislation aims to promote economic development, generate revenue, and maintain high standards of honesty and integrity in gaming operations while providing safeguards against problem gambling and illegal activities.

Budget and Finance, Business and Industry, Justice

https://lis.virginia.gov/bill-details/20251/SB1287