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

PGCB Reports Total Gaming Revenue for September

The Pennsylvania Gaming Control Board (PGCB) has recently released the revenue figures for the state’s gambling industry in September. Unsurprisingly, the sector is still soaring as it continues to recover from the ravaging impacts of the COVID-19 pandemic. According to the gaming regulator’s press release, the total revenue for gaming and fantasy sports was a […]

MaximBet to Expand Operations in Pennsylvania

Renowned online sports betting operator MaximBet has recently announced that it has secured market access in Pennsylvania and Ohio. This is a huge leap forward for the company as it continues to pursue its very ambitious growth plans across North America. It will be making its debut in the two markets through market deals which […]

Pennsylvania Poker Seemingly Slowing Down

Gambling revenue in the Keystone State once again went over the $400 million mark in August. This was revealed during a board meeting on September 15 where members of the Pennsylvania Gambling Control Board (PGCB) discussed how the gambling verticals were doing. According to Kevin O’Toole, the Executive Director of the Pennsylvania Gaming Control Board, […]

Pennsylvanian Lawmakers Pondering Over New Gambling Proposal

The Keystone State’s gambling industry has been very successful thus far. Still, there is always room for improvement which is not too surprising considering how dynamic that space is. The Senate will be reconvening for a new session in later September and one of the things that will likely be on the agenda will be […]

Penn National Launches First Mini-Casino in the Keystone State

Penn National Gaming moved from being an opposer of the state’s Category 4 satellite casino plans to being the first operator to launch such an operation in Pennsylvania. As expected, the grand opening of Hollywood Casino York came with a ton of hype of excitement. Gamblers in York County can now access the $120-million state-of-the-art […]

Similar Stories in Gambling

PGCB Reports Total Gaming Revenue for September

The Pennsylvania Gaming Control Board (PGCB) has recently released the revenue figures for the state’s gambling industry in September. Unsurprisingly, the sector is still soaring as it continues to recover from the ravaging impacts of the COVID-19 pandemic. According to the gaming regulator’s press release, the total revenue for gaming and fantasy sports was a […]

Pennsylvania Poker Seemingly Slowing Down

Gambling revenue in the Keystone State once again went over the $400 million mark in August. This was revealed during a board meeting on September 15 where members of the Pennsylvania Gambling Control Board (PGCB) discussed how the gambling verticals were doing. According to Kevin O’Toole, the Executive Director of the Pennsylvania Gaming Control Board, […]

Pennsylvanian Lawmakers Pondering Over New Gambling Proposal

The Keystone State’s gambling industry has been very successful thus far. Still, there is always room for improvement which is not too surprising considering how dynamic that space is. The Senate will be reconvening for a new session in later September and one of the things that will likely be on the agenda will be […]

Record Revenue for Pennsylvania Casinos in May

The Keystone State’s online gambling sector has been through a lot since the COVID-19 pandemic hit. The worst of the pandemic is now behind us and the state’s gambling industry is already beginning to gain some level of normalcy. This has translated to very impressive revenues for the industry. The Pennsylvania Gaming Control Board (PGCB) […]