One Step To Go Before Sports Betting And Gambling Is Legalized In Virginia

One Step To Go Before Sports Betting And Gambling Is Legalized In Virginia

Virginia can legalize sports betting and even online gambling; the only thing that lies in between now, is Governor Northam’s approval and official signature to make the new bill into law. Earlier, the Legislative assembly in Virginia had discussed a casino expansion bill which would make casino gambling, online gambling, and sports betting, legal.

The new bill SB 1126 will allow the Virginia Lottery Board to authorize one casino license for every city. However, the city has to fulfill the following requirements:

– Forty percent of the land area of the city must be exempt from local real property taxation, or 24 percent provided that a Virginia Indian Tribe conducts such casino gaming.

– The unemployment rate was at least 5 percent in November 2017 (or 4 percent if located adjacent to a state that has adopted a Border Region Retail Tourism Development District Act), a poverty rate of at least 20 percent in 2016, and a population decrease of at least 4 percent from 1990 to 2016.

– The city has a population of more than 200,000 according to the 2017 population estimates.

Further, the bill requires that the grant of License to any Casino should not be without consultation and approval from the local authorities and the community there. It also has provisions for a local referendum.

A part of the bill that will legalise casino gambling and sports betting in Virginia states that, “Casino gaming” means baccarat, blackjack, twenty-one, poker, craps, dice, slot machines, sports betting, roulette wheels, Klondike tables, punchboards, faro layouts, keno layouts, numbers tickets, push cards, jar tickets, pull tabs, online gaming, and any other activity that is authorized by the Board as a wagering game or device under Chapter 41 (§ 58.1-4100 et seq.).”

The responsibility to formulate the functional mechanism of betting systems in Virginia lies with the Lottery board.

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