Virginia House Bill HB2747

Virginia 2025 Regular Session

• Introduced: 1/17/25
• Refer: 1/17/25

Caption

Electronic gaming devices; regulating definitions, licensees, taxation, placement and compliance.

Impact

If passed, the bill will introduce a 20% adjusted gross gaming revenue tax imposed on revenues from electronic gaming terminals. This tax structure is intended to generate revenue for localities, support problem gambling treatment, and enhance state oversight of electronic gaming activities. Additionally, local governments will retain the authority to regulate or prohibit electronic gaming terminals through their ordinances, provided they act within a designated timeframe. This aspect of the bill is likely to lead to a varied landscape of gaming regulations across different municipalities.

Summary

House Bill 2747 aims to amend and reenact provisions of the Code of Virginia pertaining to the regulation of electronic gaming devices. The bill seeks to establish clear guidelines for the licensing and taxation of electronic gaming terminals, laying out the framework for the introduction, operation, and enforcement of regulations surrounding these devices. A notable feature of HB2747 is the establishment of the Gaming Regulatory Fund, which will be utilized to support the operations of the Virginia Gaming Commission and the enforcement of gaming laws.

Contention

One of the primary points of contention surrounding HB2747 is the balance of regulatory authority between state and local governments. Supporters of the bill argue that a consistent framework is necessary to prevent illegal gambling activities and ensure fair play. However, some local officials and community groups are concerned that the bill's provisions may limit their capacity to tailor regulations to meet the unique needs of their communities. Furthermore, issues such as advertising restrictions and the potential for increased gambling-related problems remain contentious topics among stakeholders.