West Virginia On the Cusp of Legalized Online Gambling

Published Saturday, March 09, 2019 - Online-Casinos.com
West Virginia On the Cusp of Legalized Online Gambling
The European online gambling market has been expanding in spades for the last decade and the market for online betting in the USA is still evolving slowly but surely even though there have been significant setbacks in the progress. The first jurisdiction to legalize online betting in the states was New Jersey where the activity has thrived and made the Garden State money. The most recent addition on the cusp of legal online gambling in the US is the state of West Virginia. Following a favorable vote in the Senate of the jurisdiction the upper chamber passed the WV Lottery Interactive Wagering Act (H 2934) by a 26-7 vote recently. This means online gambling is just two steps from becoming law in the Mountain State. The Senate has made some minor amendments to the betting bill so it will return to the House for approval before the bill is moved to Governor Jim Justice for his signature. There is some doubt with this next move as the governor could deliver a veto as did the governor of Michigan on the law change there. The bill has had some guide lines set by the other jurisdictions in the US that have passed online gambling bills. Regulated online poker and casino style games would be made available to punters with the minimum age of 21. Online betting licences will be awarded to terrestrial licensees. The bill authorizes five operator permits one for each WV casino. Licenses will cost $250,000 each renewable every five years for another $100,000. Platform and service management licenses will cost $100,000, and supplier licenses are only $10,000.The state will reap online gambling revenue from online gambling at 15 percent tax. West Virginia is not expected to make it big in the revenue department looking at the sparse population and relatively low disposable income of the 1.8 million residents. The expectation is to attract a younger demographic to the existing casino venues and those from more populated states adjoining West Virginia .

Related news

Return to Latest News