HB 590

Abstract

Regulation of electronic gaming devices; penalties. Authorizes and specifies the licensing requirements for the manufacture, distribution, operation, hosting, and playing of electronic gaming devices, as defined in the bill, under the regulatory authority of the Virginia Lottery Board. The bill imposes a 30 percent tax on all gross profits from the play of such electronic gaming devices and provides for the use of such tax proceeds. The bill also imposes criminal and civil penalties for violations of the law and regulations related to electronic gaming devices.

Virginia Small Business Economic DevelopmentAct established; regulation of skill games; registration; penalties.Establishes the Virginia Small Business Economic Development Act for the purpose of providing a regulatory and registration schemefor skill game machines in the Commonwealth. The bill directs theVirginia Alcoholic Beverage Control Authority to adopt emergencyregulations to implement the provisions of the bill and directs theDepartment of Taxation to collect a monthly tax of 15 percent fromthe gross revenue of each skill game machine from each skill gamedistributor.