Clicky

West Virginia's Interactive Gambling Bill Becomes Law - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
online-gaming-chips
Published on
Update on

On Wednesday, March 27, West Virginia’s interactive gaming legislation officially became law after Jim Justice, the state’s billionaire Republican governor failed to take any action on the measure. The bill was pushed to governor’s desk on March 9 and he was given 15 days (excluding Sundays) to either pass the bill into law or veto but he instead opted to take no action and therefore according to state laws, the measure automatically became law.

As it turns out, the governor did something similar with a sports betting bill that was forward to his desk in 2018. However, after taking a deeper look, it might be argued that the decision not to act in both cases might have been a strategic move. It is widely known that the billionaire governor’s family has ties to a casino property which means that the vetoing the bill would be like shooting himself on the leg and signing it into law would have the appearance of impropriety. Letting things play out the way they did was, therefore, the very best option.

A Handful of Licenses to Go Around

The state’s five licensed land-based casino operators will now be able to apply for the interactive gaming licenses which will be going for $250,000 apiece. These licenses will be renewed every five years for $100,000 and the casinos would still be subject to a 15 percent tax rate that is quite reasonable especially when compared to some monstrous tax rates that are part of gaming laws in some casinos. Platform and service providers that will be interested in offering their services in the state will also need to acquire licenses which will be going for $100,000 apiece. These licenses will be awarded by the West Virginia Lottery which has been given until mid-2020 to finalize on the online gaming laws

Shared Liquidity

West Virginia joins Delaware, Nevada, New Jersey, and Pennsylvania to become the fifth state to legalize interactive gaming. Until three months ago, there was the possibility of all these states merging their online poker pools but thanks to the reinterpretation of the 1961 Wire Act by the United States Department of Justice, the possibilities of this grows thinner by the day – it is already bad as it is. West Virginia would have greatly benefited from this arrangement since it does not have populations that are as huge as New Jersey’s and Pennsylvania’s.

While a number of lawsuits have been filed against the Department of Justice, it seems like there is very little chance the things will change. In fact, the DOJ is readying for a fight and is not showing any signs of considering the reversal of the opinion.

Latest Headlines

The Cordish Gaming Group Launches Online Casino in Pennsylvania

While the Cordish Gaming Group, one of the biggest gaming operators in the United States, prepares to launch two new gaming venues in the Keystone State, it has decided to fast track its plans for an online gambling site. In addition to the Live! Casino Pittsburgh and Live! Casino & Hotel Philadelphia which are still […]

Wind Creek Bethlehem Debuts Pennsylvania’s 11th Online Casino

Wind Creek Bethlehem has recently gone live with a new online gambling platform in the Keystone State. This will be the 11th online casino to launch in the state and it will be giving Pennsylvanian gamers even more options when it comes to internet slots and online table games. For the online gaming venture, Wind […]

Pa. Casino Revenue Rebounds in July

During the August 5 public meeting that was held by the Pennsylvania Gaming Control Board (PGCB), some very interesting developments came to light. As expected, due to the ongoing coronavirus pandemic, the meeting was held via a conference phone call. There was a lot that was discussed but the gaming revenue was one of the […]

New Video Gaming Terminals Launched in Pa. Truck Stops

Video gaming terminals (VGTs) are still quite popular in the Keystone State. Not only are they considered to be valuable revenue streams for gaming operators in the state but they are also essentially a fan-favorite of enjoying some entertainment at Pa. truck stops. The most recent development in the state was the launch of a […]

Close To 2,000 New Live! Casino & Hotel Jobs Coming to Pennsylvania

The Cordish Gaming Group’s Live! Casino & Hotel Philadelphia is one of the most anticipated operations in the Keystone State. Initially set to launch by the end of 2020, the $700 million casino and hotel development will be going live in early 2021 instead. The postponement of the launch date is a rather obvious result […]

Similar Stories in Gambling

Pa. Casino Revenue Rebounds in July

During the August 5 public meeting that was held by the Pennsylvania Gaming Control Board (PGCB), some very interesting developments came to light. As expected, due to the ongoing coronavirus pandemic, the meeting was held via a conference phone call. There was a lot that was discussed but the gaming revenue was one of the […]

Close To 2,000 New Live! Casino & Hotel Jobs Coming to Pennsylvania

The Cordish Gaming Group’s Live! Casino & Hotel Philadelphia is one of the most anticipated operations in the Keystone State. Initially set to launch by the end of 2020, the $700 million casino and hotel development will be going live in early 2021 instead. The postponement of the launch date is a rather obvious result […]

Multiple Pennsylvanian Casinos Go Smoke-Free

Thanks to new directives from the state health authority and regulators in the Keystone State, several land-based gaming venues are now smoke-free. Many of the retail gaming operators have been preparing to launch while ensuring that they adhere to the guidelines provided by the Pennsylvania Department of Health. The Washington-based Meadows Racetrack & Casino is […]

Pennsylvania Records More Online Gaming Growth in May 2020

Things continue to look up for the Keystone State’s online gambling industry and a recent revenue report from the Pennsylvania Gaming Control Board (PGCB) details all of this. While the growth may have not been able to completely undo all of the damage that was left by the closure of land-based gaming facilities a couple […]