SB 1407

Abstract

Regulating electronic gaming devices; penalties. Authorizes the manufacturing, distributing, operating, servicing,hosting, and playing of electronic gaming devices in the Commonwealth,to be regulated by the Virginia Lottery Board, which the bill renamesas the Virginia Lottery and Gaming Oversight Board. The bill specifiesthe licensing requirements for the manufacture, distribution, operating,servicing, and hosting of electronic gaming devices, requires employeesof such licensees to be registered with the Virginia Lottery, whichthe bill renames as the Virginia Lottery and Gaming Department, andimposes criminal and civil penalties for violations of the law andregulations related to electronic gaming devices. The bill imposes a 34 percent tax on all gross profits from the play of electronicgaming devices and provides for how the tax proceeds are disbursed; most are deposited into the Virginia Electronic Gaming Device EducationSupport Fund, created by the bill. The bill also renames the VirginiaLottery Law as the Virginia Lottery and Gaming Law and changes thetitle of the Director of the Virginia Lottery to the Director ofthe Virginia Lottery and Gaming Department.