Virginia House Bill HB2295

Virginia 2023 Regular Session

• Introduced: 1/11/23
• Refer: 1/11/23

Caption

Legal & illegal electronic gaming activities; restrictions, joint committee to study, civil penalty.

Impact

The bill imposes a $1,200 monthly tax on each skill game provided by distributors in Virginia, which is intended to support various funds, including money for problem gambling treatment and local government allocations. It also mandates that distributors post a surety bond of $1 million to cover potential violations. The allocation of these taxes is expected to generate significant revenue for localities as well as state enforcement agencies, thereby potentially reducing illegal gambling operations within the commonwealth.

Summary

House Bill 2295 addresses the complex landscape of legal and illegal electronic gaming activities in Virginia. It amends existing regulations and introduces new provisions aimed at restricting unregulated skill games. A significant aspect of the bill is the requirement for skill game distributors to adhere to strict regulatory measures and to provide detailed reporting to the Virginia Alcoholic Beverage Control Authority (the Authority). This bill aims to strike a balance between allowing skill games while ensuring proper oversight and regulation to mitigate illegal gambling activities.

Contention

There are notable points of contention surrounding HB 2295, primarily focused on the balance between regulation and economic opportunity. Proponents argue that the bill is necessary to create a regulated framework that can curb illegal gaming and protect consumers. Conversely, opponents raise concerns that stringent restrictions may hinder legitimate business interests and that the bill may not adequately address the complexities of the underground gaming market. The legislation also sparks discussions about the implications for local economies that rely on gaming activities for income.