{"id":1243,"date":"2019-12-30T08:14:00","date_gmt":"2019-12-30T08:14:00","guid":{"rendered":"https:\/\/www.pennsylvaniacasinos.com\/news\/?p=1243"},"modified":"2019-12-30T13:12:34","modified_gmt":"2019-12-30T13:12:34","slug":"west-virginia-speeds-up-online-gaming-plans-after-pa-benchmarking","status":"publish","type":"post","link":"https:\/\/www.pennsylvaniacasinos.com\/news\/west-virginia-speeds-up-online-gaming-plans-after-pa-benchmarking\/","title":{"rendered":"West Virginia Speeds Up Online Gaming Plans After Benchmarking in Pa."},"content":{"rendered":"\n<p>It goes without saying that Pennsylvania is currently <a href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/new-online-options-boost-pennsylvania-gambling-revenue\/\">one of the most lucrative gambling destinations<\/a> in the United States. In fact, it has grown so immensely that other states have begun to see it as one of the best benchmarks for their gaming industries. The latest state to consult with the Keystone State is West Virginia.<\/p>\n\n\n\n<p>Regulators from West Virginia <a rel=\"noreferrer noopener\" aria-label=\"met with Pennsylvanian counterparts (opens in a new tab)\" href=\"http:\/\/wvmetronews.com\/2019\/12\/25\/lottery-compares-notes-with-pennsylvania-on-igaming\/\" target=\"_blank\">met with thei<\/a><a href=\"http:\/\/wvmetronews.com\/2019\/12\/25\/lottery-compares-notes-with-pennsylvania-on-igaming\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"met with Pennsylvanian counterparts (opens in a new tab)\">r<\/a><a rel=\"noreferrer noopener\" aria-label=\"met with Pennsylvanian counterparts (opens in a new tab)\" href=\"http:\/\/wvmetronews.com\/2019\/12\/25\/lottery-compares-notes-with-pennsylvania-on-igaming\/\" target=\"_blank\"> Pennsylvanian counterparts<\/a> in a bid to get a few tips on<strong> creating a new regulatory framework for the state&#8217;s budding online gambling industry.<\/strong> According to John Myers, the Director of the West Virginia State Lottery, there are quite a number of similarities between the gambling frameworks of both states. For now, the state is focusing most of its efforts on the online gaming industry especially with regards to online poker.<\/p>\n\n\n\n<p>Even so, its sports betting industry has also shown that it\nhas a lot of potential. Online sports betting is already up and running in the state\nbut things have not gone so smoothly for some of the operators. Things have since\nstabilized but there is a lot that needs to be done to ensure the longevity of the\nindustry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"what-now\">What Now?<\/h2>\n\n\n\n<p>Well, John Myers is confident that now they have enough knowledge to push forward with the state&#8217;s online gambling plans. That said, online gamblers in West Virginia should expect to have <strong>an operational online poker industry in mid-2020.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;The May to June timeframe, so that will allow us, with the time that we\u2019re allotted to get the permanent rule in place to get beyond the legislative session (in 2021) and file the permanent rule,&#8221; the lottery director said.<\/p><\/blockquote>\n\n\n\n<p>The lottery which is in charge of the regulation of the\ngaming industry has a lot of work ahead. Most notably, its officials now have until\nJuly 1, 202o to come up with the emergency rules for the online gambling industry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"huge-revenue-projections\">Huge Revenue Projections<\/h2>\n\n\n\n<p>Online gambling officially became legal in West Virginia earlier this year after which <a href=\"https:\/\/wvlottery.com\/forms\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">the lottery<\/a> was tasked with designing rules and regulations for the industry. Plans for the industry are now beginning to pick momentum and as expected they have pretty high hopes. <strong>There is a lot of money to be made from the industry.<\/strong><\/p>\n\n\n\n<p>To begin with, the operators will pay<strong> $250,000  when they apply for online gambling licenses. <\/strong>These licenses will be valid for five years after which the operators will have the option of renewing them for $100,000. The online casinos will be<strong> taxed at 15 percent<\/strong>. This might just be the gamechanger that the state has been waiting for.<\/p>\n","protected":false},"excerpt":{"rendered":"It goes without saying that Pennsylvania is currently one of the most lucrative gambling destinations in the United States. In fact, it has grown so immensely that other states have begun to see it as one of the best benchmarks for their gaming industries. The latest state to consult with the Keystone State is West [&hellip;]","protected":false},"author":6,"featured_media":1247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[53,68,70,91,122],"class_list":["post-1243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation","tag-lottery","tag-online-gambling","tag-online-poker","tag-regulation","tag-west-virginia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>West Virginia Speeds Up Online Gaming Plans After Benchmarking in Pa. - PennsylvaniaCasinos.com News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/west-virginia-speeds-up-online-gaming-plans-after-pa-benchmarking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"West Virginia Speeds Up Online Gaming Plans After Benchmarking in Pa. - PennsylvaniaCasinos.com News\" \/>\n<meta property=\"og:description\" content=\"It goes without saying that Pennsylvania is currently one of the most lucrative gambling destinations in the United States. In fact, it has grown so immensely that other states have begun to see it as one of the best benchmarks for their gaming industries. 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Just like any professional person with a strong affinity for words she spends quite a bit of time reading and brushing up on her general knowledge, and gaming specifically. She loves to find inspiration in the works of her fellow colleagues and often does. 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