Senator Mamie Locke of Hampton introduced Senate Bill 827, which seeks to empower the Virginia Lottery Board to license casino operators for internet gaming. However, the bill has been temporarily set aside to facilitate further research and refinement, as reported by the Virginia Mercury.<\/p>\n
Senator Locke emphasized that the bill’s objective is to establish a controlled and secure online gaming market within the state. Although the bill was prepared for discussion, Locke requested the Senate Subcommittee on Gaming to delay its review. She stated that more time is needed to ensure the plan effectively addresses all pertinent issues and confirmed intentions to reintroduce the bill for consideration by 2026.<\/p>\n
The proposed legislation outlines a framework where operators would pay a $1 million application fee and a 15% tax on their earnings. The revenue generated would be allocated to Virginia’s General Fund (97.5%), with 2.5% directed to the Problem Gambling Treatment and Support Fund. Local governments would also benefit from this arrangement.<\/p>\n
Online Gaming Bill Faces Scrutiny Over Effects on Lottery and Casino Revenues<\/strong><\/p>\n While the bill presents an opportunity to generate new income, concerns have arisen regarding its potential impact on the state’s existing funding mechanisms. The Virginia Department of Planning and Budget cautioned that online gaming could reduce revenue from the Lottery Proceeds Fund and the School Construction Fund by diverting activity from traditional lottery sales and physical casino gaming. A financial analysis by the Virginia Lottery predicted that if the bill becomes law, it would negatively affect state revenues overall.<\/p>\n Virginia ventured into online gambling by legalizing sports betting in 2020, which has contributed significantly to tax revenue. Proponents of the bill argue that online casinos, offering games like slots, table games, and live dealer options, could further boost the state’s income. However, some lawmakers and casino owners remain skeptical, expressing concerns that online gaming might adversely affect the profits of brick-and-mortar casinos.<\/p>\n Despite these concerns, research from other regions indicates that online gaming often complements land-based casinos rather than harming them. States like Maryland and Louisiana are also considering the legalization of online casinos, highlighting the growing trend of digital gaming platforms nationwide.<\/p>\n Virginia’s current proposal envisions its four existing casinos—including Caesars Virginia and Hard Rock Bristol—taking the lead in establishing online gaming operations. 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