HB 2634

  • Virginia House Bill
  • 2025 Regular Session
  • Introduced in House Jan 13, 2025
  • House
  • Senate
  • Governor

Charitable gaming; use of proceeds, charitable gaming adjusted gross receipts, effective date.

Abstract

Charitable gaming; use of proceeds; charitable gaming adjusted gross receipts. Amends charitable gaming law to allow certain organizations, as a condition of receiving a charitable gaming permit or authorization to conduct electronic gaming, to use (i) with respect to charitable gaming, other than electronic gaming, a predetermined percentage of its charitable gaming adjusted gross receipts, not to exceed 25 percent, and (ii) with respect to electronic gaming, a predetermined percentage of its electronic gaming adjusted gross receipts, not to exceed 25 percent; however, at no time shall such predetermined percentage be calculated at an amount equal to less than 10 percent of its gross receipts derived from electronic gaming less the amount of prize money paid out to players. The bill has a delayed effective date of January 1, 2026.

A BILL to amend and reenact ยงยง 18.2-340.16 and 18.2-340.19 of the Code of Virginia, relating to charitable gaming; use of proceeds; charitable gaming adjusted gross receipts.

Bill Sponsors (1)

Votes


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Actions


Feb 05, 2025

House

Left in General Laws

Jan 28, 2025

House

Subcommittee recommends striking from the docket (8-Y 0-N)

Jan 27, 2025

House

Assigned GL sub: ABC/Gaming

Jan 23, 2025

House

Fiscal Impact Statement from Department of Planning and Budget (HB2634)

Jan 13, 2025

House

Presented and ordered printed 25103157D

House

Referred to Committee on General Laws

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
Fiscal Impact Statement from Department of Planning and Budget (HB2634) PDF

Sources

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