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Bill > HB3155


WV HB3155

WV HB3155
Relating to the permit fee paid by licensees authorized to own or lease video lottery terminals from a licensed manufacturer


summary

Introduced
03/05/2025
In Committee
03/05/2025
Crossed Over
Passed
Dead
04/12/2025

Introduced Session

2025 Regular Session

Bill Summary

The purpose of this bill is to change the annual fee per video lottery terminal for terminals with software versions that outperform the 10% lowest performing software versions of like kind terminals by more than $900.

AI Summary

This bill modifies the annual permit fee for video lottery terminals in West Virginia by introducing a tiered fee structure based on terminal performance. Currently, licensees pay a flat $1,000 annual fee per video lottery terminal. Under the new legislation, if a terminal's software version outperforms the 10% lowest performing software versions of similar terminals by more than $900 in annual net terminal income, the permit holder will pay a reduced fee of $100 per terminal, instead of the standard $1,000. The West Virginia Lottery will calculate this performance metric by analyzing daily net terminal income from March 1st of the preceding year to the last day of February, and will prepare a report identifying the lowest-performing software versions and eligible permit holders for the reduced fee. A terminal must be active and operational for at least 60 days to qualify for the reduced fee. This new fee structure will be in effect from May 1, 2025, until May 1, 2030, and aims to incentivize and reward higher-performing video lottery terminals in the state.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

House Committee on Finance Meeting (13:00:00 3/17/2025 House Finance Committee Room) (on 03/17/2025)

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