SB6008 - Gaming commerce and development in the Commonwealth; regulation, report, penalties.

2 Co-Sponsors

General appropriation act; regulation of gaming commerce and development in the Commonwealth; penalties. Authorizes and specifies the registration and licensing requirements for the manufacture, distribution, operation, hosting, and playing of electronic skill gaming devices, as defined in the bill, under the regulatory authority of the Virginia Lottery. The bill imposes a 25 percent tax on all gross profits generated from the play of such electronic skill gaming devices and provides for the use of such tax proceeds after deposit in the Virginia Gaming Commerce and Development Fund, established in the bill, with most being deposited into the PreK-12 Priority Fund, established in the bill. The bill also imposes criminal and civil penalties for violations of the law and regulations related to electronic skill gaming devices. The bill also transfers funding from the PreK-12 Priority Fund to the general fund related to gaming commerce and development.