Subcommittee tables bill to license and tax electronic gaming terminals pending further study
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Summary
House Bill 2747, proposing a licensing and oversight framework for electronic gaming terminals (EGTs) including a 20% tax and local revenue shares, was gently laid on the table by the subcommittee 8-0 for further study by the established subcommittee on the Virginia Gaming Commission.
House Bill 2747, which would create a regulatory framework for electronic gaming terminals (EGTs) in Virginia, was gently laid on the table by the subcommittee after sponsor testimony and brief discussion. The motion to lay the bill on the table passed 8-0.
Delegate Beggins presented key provisions: the future Virginia Gaming Commission would license all EGT-related entities and use a centralized system for compliance and revenue monitoring; EGTs would use a random-number generator and have defined payout rates; the number of terminals per location would be limited; devices must connect to a centralized monitoring system for real-time oversight. The sponsor said licensing fees and a 20 percent tax on gaming revenues would fund enforcement and localities would receive a share of revenues; municipalities could prohibit EGTs and protocols would be required to prevent underage play.
Chair and members thanked the sponsor for a succinct presentation and said the bill would be further discussed by the special subcommittee formed to study the feasibility of creating the Virginia Gaming Commission. The committee recorded the action as "gently laid on the table" by an 8-0 roll call to allow continued working-group consideration over the summer.