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Lawmakers narrowly pass bill to legalize online casinos in Virginia
The Senate advanced a bill to legalize Virginia online casinos by a single vote, sending it along to the House as the commonwealth looks to become the latest state to authorize state-regulated iGaming.
Virginia came one step closer to legalizing online casinos after the Senate approved a bill to authorize state-regulated iGaming in the state and advanced it to the House for potential concurrence. That said, SB 118 didn't exactly coast through the Senate, as a call for reconsideration after initial rejection of the bill led to a narrow two-vote approval in the chamber.
Senate bill creates up to 15 Virginia online casinos
As introduced by Sen. Mamie Locke, SB 118 carves out three real money online casino licenses for each of the five land-based casinos in the state, meaning there could be upward of 15 online casinos in Virginia.
As regulated by the Virginia Lottery Board, the state would require initial licensing fees of $500,000 per skin or $2 million to offer three online platforms. In addition, there would be a tax rate of 20, with 3% of that total going toward the Gaming Regulatory Fund, 2% to the Problem Gambling Treatment and Support Fund and the remaining 95% to the Modern Public Education Fund.