Regulating video gaming terminals; penalties. (SB462)

Introduced By

Sen. John Bell (D-Chantilly)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Regulating video gaming terminals; penalties. Authorizes and specifies the licensing requirements for the manufacture, distribution, operation, servicing, hosting, and playing of video gaming terminals (VGTs). The bill provides that VGTs are regulated by the Virginia Lottery Board, which the bill renames as the Virginia Lottery and Gaming Oversight Board. The bill requires employees of such licensees to be registered with the Virginia Lottery, which the bill renames as the Virginia Lottery and Gaming Department. The bill imposes criminal and civil penalties for violations of the law and regulations related to VGTs. The bill imposes a 34 percent tax on all gross profits from the play of VGTs and provides for how the tax proceeds are used; most are deposited into the School Construction Fund, created by the bill. Read the Bill »

Status

01/11/2022: Awaiting a Vote in the General Laws and Technology Committee

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22103766D
01/11/2022Referred to Committee on General Laws and Technology
01/14/2022Impact statement from VCSC (SB462)

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