Clicky

Online Casino Bill Making Progress in West Virginia - PennsylvaniaPoker.com News : PennsylvaniaPoker.com News
online-gambling
Published on
Update on
Author

West Virginia may just be on verge of launching its online gambling industry and becoming the fifth sated to do so. This news comes after the state’s Senate passed an online casino gaming bill by a 26-7 vote. The West Virginia Lottery Interactive Wagering Act (H 2934), the bill, is now closer to being passed to than ever before.

All that remains for this to happen are two important steps with the first being a review by the House for concurrence since the Senate made some minor amendments to the bill – this will probably happen on March 9 when the legislature adjourns. After that, the bill will then land on Governor Jim Justice’s desk where it will hopefully be signed into law.

If history is anything to go by, the governor’s is arguably one of the most crucial steps for gambling bills in the United State. A recent scenario where the governor’s desk tipped the scale of an online gaming bill that had been passed and approved by lawmakers was in Michigan where the governor opted to veto the bill. Online gaming proponents in West Virginia also have quite a bit to be skeptical about especially considering the fact the governor also declined to sign a bill that proposed the establishment of a state-regulated gaming market last year.

Details of the West Virginian Gambling Bill

In every sense of the word, the state’s gaming bill is prototypical in nature, that is, it calls for a regulated online gambling market where only people who are 21 years or older will be allowed to participate. It will also be limited to people within the state’s borders – under current circumstances, this is particularly great for the state since it will be automatic compliance with the recent reinterpretation of the 1961 Wire Act by the United States Department of Justice.

Online sports betting will also be in the mix but it will be limited to the existing land-based licensees in the state. The operators will have to part with $250,000 apiece for each of the online gaming licenses they are interested in. These licenses will be renewable every five years for an additional $100,000. Platform and service management licensees will pay $100,000 while the supplier licenses will cost $10,000. Also, the state will impose a 15 percent tax on online gambling revenue which is relatively fair especially when compared to the tax horrors that states like Pennsylvania plan to put the operators through.

While there are currently a number of complications thanks to the murky mess made by the new DOJ interpretation of the 1961 Wire Act, the entry of West Virginia into the online gaming scene would be a big boost for online gaming in the country. In fact, if the Wire Act is reversed to its 2011 version, shared liquidity agreements will be possible between the state and neighboring states (like Pennsylvania) where online poker is legal.

Latest Headlines

Pennsylvania iGaming Revenues Hit $100M, Poker Remains Slow

Pennsylvania’s iGaming revenue hits $100 million in July as poker continues to bring up the rear Slots and table games led the way, with Hollywood Penn National and Rivers Philadelphia accounting for 67% of the total revenue PokerStars PA drew the biggest share of poker action, although WSOP PA has now wrapped its first bracelet […]

WSOP PA Announces $50K Depositor’s Freeroll

Following WSOP’s successful soft launch in Pennsylvania, the platform is launching its first promotions Players will be able to gain entry into the World Series $10,000 Main Event in Las Vegas if they place first or second in the upcoming $50K Depositor’s Freeroll A third ticket will be awarded randomly to one lucky player who […]

WSOP’s Launch is on the Cards for Pennsylvania

WSOP may finally be arriving in Pennsylvania, but will that change the current balance of powers PokerStars PA remains the dominant card room in the Keystone State for months now Borgata/BetMGM’s entry was modest, and revenue continues to remain low as the network targets new players The Keystone State may have a third poker operator […]

PA Online Casinos and Poker Rooms Dominate Sports Betting

Casinos and poker have posted the strongest gaming results in May, with a cumulative $110 million in gross revenue  Sports betting continues to slow down as the Super Bowl and March Madness season are over Gaming remains the biggest driver of revenue for regulated gambling markets  Pennsylvania’s online casino results continue to dwarf sports betting […]

DoJ Names Billy Joe Taylor as Defendant in $88M Medicare Fraud Scheme

Up-and-coming poker personality Billy Joe Taylor was indicted on fraud charges alleging that he defrauded Medicare of $88 million The alleged fraud happened through Taylor’s testing laboratories which DOJ suspects abused COVID-19 relief funds and other government incentives Investigators have brought a total of 14 defendants on charges of defrauding Medicare, but Taylor’s alleged involvement […]

Similar PA Casinos Post

WSOP’s Back with a Special In-Person and Online Format

The World Series of Poker returns in a hybrid format featuring both in-person and online events The event will get underway on November 29 for international players and on December 13 for domestic players Both WSOP and GGPoker will contribute an additional $1 million for the heads-up event featuring the US and international winner The […]

Pennsylvania Online Poker Cascades Down in August Yet Again

Pennsylvania sees online poker decline to $2.7 million in August after peaking at $5.4 million in March A second operator is planned to enter the Keystone State poker market with partypoker USA still awaiting an approval by the PGCB PokerStars continues to run promotions in the state of Pennsylvania with sizeable prize pools available August […]

Pennsylvania’s Poker Takes a Tumble, Other Verticals Grow

Pennsylvania’s gaming regulator has cleared its brick-and-mortar casino industry for restart in June, but it took a while for patrons to return. One thing that kept going, though, has been online gaming, and specifically the Keystone State’s decision to allow casino properties to expand into iGaming. Online wagering on casino-style games was up in July, […]

Pennsylvania and PokerStars PA Post $3.2M Revenue in June

Despite a back-to-back decline in online poker revenue, June has remained much stronger than the first three months of 2020. Pennsylvania Holds Good Poker Results in April Some have predicted a dip in revenue and results, but online poker in Pennsylvania is still doing very well with June’s revenue reaching $3.2 million. In May, though, […]