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2021 SESSION

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SB 1407 Electronic gaming devices; regulation, penalties.

Introduced by: John J. Bell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Regulating electronic gaming devices; penalties. Authorizes the manufacturing, distributing, operating, servicing, hosting, and playing of electronic gaming devices in the Commonwealth, to be regulated by the Virginia Lottery Board, which the bill renames as the Virginia Lottery and Gaming Oversight Board. The bill specifies the licensing requirements for the manufacture, distribution, operating, servicing, and hosting of electronic gaming devices, requires employees of such licensees to be registered with the Virginia Lottery, which the bill renames as the Virginia Lottery and Gaming Department, and imposes criminal and civil penalties for violations of the law and regulations related to electronic gaming devices. The bill imposes a 34 percent tax on all gross profits from the play of electronic gaming devices and provides for how the tax proceeds are disbursed; most are deposited into the Virginia Electronic Gaming Device Education Support Fund, created by the bill. The bill also renames the Virginia Lottery Law as the Virginia Lottery and Gaming Law and changes the title of the Director of the Virginia Lottery to the Director of the Virginia Lottery and Gaming Department.


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