West Virginia gets approval for mobile sports betting
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West Virginia gets the approval to offer mobile sports betting without even being signed onto the statute books. Governor Jim Justice allowed the bill to sit on his desk without signature or veto for 15 days, enabling it to go through into law automatically.
The state’s five casinos, Hollywood Casino at Charles Town Races; Mountaineer Casino, Racetrack & Resort; The Casino Club at The Greenbrier; Mardi Gras Casino & Resort; and Wheeling Island Hotel, may now apply for one of five available licenses to offer mobile wagering.
In terms of taxation, the state will collect 15 per cent of online gambling revenue and generate additional income through license fees which have been set at $250,000 initially.
The bill confirmed that the West Virginia Lottery will operate interactive wagering in the state and added that making mobile legal would benefit consumers. It said: “The Legislature finds that it is in the best interests of the State of West Virginia for the state to operate a lottery in the form of interactive wagering and that it is the intent of the Legislature to authorise interactive wagering within the state and through compacts with other approved jurisdictions.
“The Legislature finds that illegal interactive wagering channels operating throughout the United States pose a critical threat to the safety and welfare of the citizens of West Virginia and that creating civil and criminal penalties to prosecute illegal operators, while transferring this black market demand into a secure and highly regulated environment, will protect the public and positively benefit state revenues and the state’s economy.”
Source: Latest News on European Gaming Media Network
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