Bill > SB661

This bill establishes regulations and taxation for electronic skill gaming devices, referred to as "electronic gaming devices," under the authority of the Virginia Lottery. It outlines requirements for manufacturers, distributors, operators, and players of these devices, imposing a 25% tax on their gross profits, which are defined as total revenue minus prizes paid out. The tax revenue will be deposited into a newly created Virginia Gaming Commerce and Development Fund, with most of it allocated to the PreK-12 Priority Fund, also established by this bill, and a portion transferred to the general fund. The bill also introduces criminal and civil penalties for violations and includes provisions for a voluntary exclusion program to help individuals with gambling problems. Importantly, it specifies that these electronic gaming devices must be approved by the Director of the Virginia Lottery, meet certain minimum requirements, and be connected to a central monitoring system, with a limit on the total number of devices allowed in the Commonwealth. The bill also includes specific regulations regarding host locations, such as proximity to schools and the prohibition of certain inducements. The new regulations will take effect on January 1, 2027, and the entire act is set to expire on January 1, 2030, with a report on compliance and illegal device seizures to be submitted to the Governor and General Assembly.

Budget and Finance, Business and Industry, Justice

https://lis.virginia.gov/bill-details/20261/SB661