Virginia's HB2747 Aims to Regulate Electronic Gaming Terminals with Central Control System

In a significant move to enhance oversight of electronic gaming in the Commonwealth, Virginia's HB2747 was introduced on January 28, 2025. This legislative bill seeks to establish stringent regulations for electronic gaming terminals, ensuring they are connected to a central control system approved by the Virginia Gaming Commission.

At the heart of HB2747 is the requirement that no electronic gaming terminal or redemption terminal can operate without being linked to this central control system. This system will monitor critical data, including cash in, payouts, and gaming tax accrued, thereby increasing transparency and accountability in the gaming industry. The bill also mandates that terminals can only dispense tickets representing credits, rather than cash or other forms of value, with strict limits on the maximum payout per play set at $1,199.

The bill has sparked discussions among lawmakers and stakeholders, with some praising its potential to curb illegal gaming practices and enhance consumer protection. However, concerns have been raised about the impact on small retailers, who may struggle with the operational costs associated with compliance. The legislation limits the number of terminals to eight per retailer location, which could affect revenue for businesses that rely on gaming as a source of income.

Experts suggest that if passed, HB2747 could reshape the landscape of electronic gaming in Virginia, potentially leading to increased state revenue through better regulation and taxation of the industry. As the bill moves through the legislative process, its implications for both operators and consumers will be closely monitored, with advocates urging for a balanced approach that supports local businesses while ensuring integrity in gaming operations.

The next steps for HB2747 will involve committee reviews and potential amendments, as lawmakers weigh the benefits of enhanced regulation against the needs of the gaming community.