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Lottery board weighs unlicensed gaming risks and details of proposed Internet gaming bill
Summary
Board staff outlined efforts to address unlicensed and offshore gaming, coordination with state police and the attorney general, and walked the board through HB161, a bill to authorize Internet gaming tied to casinos with platform fees, a 15% AGR tax model, a temporary "hold harmless" fund through 2029, and regulatory timelines.
At its Jan. 13 meeting, the Virginia Lottery Board discussed growing agency work on unlicensed gaming, a proposed national exclusion registry, and a detailed staff briefing on House Bill 161, a proposal to authorize Internet gaming platforms attached to casino licenses.
The Director said Virginia has not issued a public letter on unlicensed gaming but has held private conversations with licensees and is coordinating with the Virginia State Police and the Attorney General's Office to pursue broader collaboration. He described work with a vendor, YieldSec, to quantify the illegal market and identify offshore operators: "Being able to quantify the…
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