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1998 SESSION
983251666Be it enacted by the General Assembly of Virginia:
1. That § 11-14 of the Code of Virginia is amended and reenacted as follows:
§ 11-14. Gaming contracts void.
All Except as otherwise provided in this section, all
wagers, conveyances, assurances, and all contracts and securities whereof
the whole or any part of the consideration be is money or
other valuable thing won, laid, or bet, at any game, horse race, sport or
pastime, and all contracts to repay any money knowingly lent at the time and
place of such game, race, sport or pastime, to any person for the purpose of so
gaming, betting, or wagering, or to repay any money so lent to any person who
shall, at such time and place, so pay, bet or wager, shall be utterly void.
Notwithstanding any other provision of law, a contract governing the
distribution of [ the proceeds of any lawful gaming
activity state lottery proceeds ] shall be valid
and enforceable as between the parties to the contract. [ For
purposes of this section, "lawful gaming activity" includes those gaming
activities exempted from the prohibitions of Article 1 (§ 18.2-325 et
seq.) of Chapter 8 of Title 18.2, such as bingo (§ 18.2-334.2), the state
lottery (§ 18.2-334.3) and pari-mutuel wagering (§
18.2-334.4). ]