{"id":163452,"date":"2021-02-04T11:39:01","date_gmt":"2021-02-04T19:39:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=163452"},"modified":"2021-02-04T15:09:16","modified_gmt":"2021-02-04T23:09:16","slug":"virginia-casino-regulations-approved-by-state-lottery-board","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/virginia-casino-regulations-approved-by-state-lottery-board\/","title":{"rendered":"Virginia Casino Regulations Approved by State Lottery Board"},"content":{"rendered":"<p class=\"p1\">Virginia will be home to as many as five commercial casinos in the coming years. This week, regulations that will govern gambling were approved by state officials.<\/p>\n<figure id=\"attachment_163459\" aria-describedby=\"caption-attachment-163459\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-163459\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/02\/601b394f20e43.image_.jpg\" alt=\"Virginia casinos regulations lottery\" width=\"1200\" height=\"892\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/02\/601b394f20e43.image_.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/02\/601b394f20e43.image_-142x106.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/02\/601b394f20e43.image_-1024x761.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/02\/601b394f20e43.image_-768x571.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption  id=\"caption-attachment-163459\"class=\"text-description\">The Virginia Lottery Board, led by Executive Director Kevin Hall (pictured), has okayed rules and regulations that will oversee the state&#8217;s casinos. Four gaming properties are on the way. (Image: Zoom)<\/figcaption><\/figure>\n<p class=\"p1\">Legislation passed last year that authorized casinos in economically distressed cities tasked the Virginia Lottery Board with the regulatory oversight of gaming. The lottery agency yesterday signed off on various regulations that will apply to casinos.<\/p>\n<p class=\"p1\">Along with casinos, sports betting was legalized in the 2020 gaming expansion package. Sports betting is already <a href=\"https:\/\/www.casino.org\/news\/rush-street-first-virginia-casino-developer-to-launch-sports-betting\/\">operational online<\/a>. FanDuel, DraftKings, BetMGM, BetRivers, and William Hill are all taking bets in time for this Sunday&#8217;s Super Bowl.<\/p>\n<h2 class=\"p1\"><b>Virginia Casino Regulations<\/b><\/h2>\n<p class=\"p1\">The Virginia Lottery Board approved a slew of casino bylaws during its meeting this week.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">Each of the four casinos, located in Norfolk, Portsmouth, Bristol, and Danville, will need to pay a one-time $15 million licensing fee to the state. The operating permit is good for 10 years. The gaming operators will additionally pay a $50,000 fee to the Virginia Lottery for it to conduct a principal background and investigation of key parties involved in the developments.<\/p>\n<\/div>\n<p class=\"p1\">Norfolk has partnered with the Pamunkey Indian Tribe and gaming industry billionaire Jon Yarbrough for its casino property. Rush Street Gaming won in Portsmouth, Hard Rock International in Bristol and Caesars Entertainment in Danville.<\/p>\n<p class=\"p1\">The casino&#8217;s floors will not be permitted to extend credit to gamblers. All wagers must be conducted only with tokens, chips, or electronic cards purchased from the casino.<\/p>\n<p class=\"p1\">Only people aged 21 and over are allowed entry into a casino. Each venue must develop and advertise a responsible gambling program.<\/p>\n<p class=\"p1\"><strong>Gross gaming revenue will be taxed on a graduated scale ranging from 18-30 percent, based on total casino win. All tax revenue will be directed to the Gaming Proceeds Fund.<\/strong><\/p>\n<p class=\"p1\">The vast majority of the proceeds will be allocated to localities in which the casinos operate. Additionally, one percent is set aside for the Virginia Indigenous People&#8217;s Trust Fund, 0.8 percent for the Problem Gambling Treatment and Support Fund, and 0.2 percent for the Family and Children&#8217;s Trust Fund.<\/p>\n<h2 class=\"p1\"><b>Security, Slot and Table Regulations<\/b><\/h2>\n<p class=\"p1\">The casino regulations require each venue to have at least 1,000 square feet of office space adjacent to the gaming floor that is to be used for security and surveillance.<\/p>\n<p class=\"p1\"><strong>Slot machines must have an average payout percentage of 89 to 94 percent. Wagers on slots can range from a penny to $500 per spin. Table game bets can range from $5 to $50,000.<\/strong><\/p>\n<p class=\"p1\">Along with the four approved casinos, <a href=\"https:\/\/www.casino.org\/news\/richmond-officials-hire-casino-consultancy-to-help-select-winning-bid\/\">voters in Richmond<\/a> will decide whether they, too, want a casino in the capital city. Richmond is the fifth and final qualifying city for a casino under the 2020 gaming bill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Virginia will be home to as many as five commercial casinos in the coming years. This week, regulations that will govern gambling were approved by state officials. Legislation passed last year that authorized casinos in economically distressed cities tasked the Virginia Lottery Board with the regulatory oversight of gaming. The lottery agency yesterday signed off [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":163459,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Virginia Casino Regulations Approved by State Lottery Board<\/title>\n<meta name=\"description\" content=\"Virginia will be home to as many as five commercial casinos in the coming years. This week, gaming regulations were approved.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/virginia-casino-regulations-approved-by-state-lottery-board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virginia Casino Regulations Approved by State Lottery Board\" \/>\n<meta property=\"og:description\" content=\"Virginia will be home to as many as five commercial casinos in the coming years. This week, gaming regulations were approved.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/virginia-casino-regulations-approved-by-state-lottery-board\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T19:39:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-04T23:09:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/02\/601b394f20e43.image_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"892\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O&#039;Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O&#039;Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/virginia-casino-regulations-approved-by-state-lottery-board\/\",\"url\":\"https:\/\/www.casino.org\/news\/virginia-casino-regulations-approved-by-state-lottery-board\/\",\"name\":\"Virginia Casino Regulations Approved by State Lottery Board\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/virginia-casino-regulations-approved-by-state-lottery-board\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/virginia-casino-regulations-approved-by-state-lottery-board\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/02\/601b394f20e43.image_.jpg\",\"datePublished\":\"2021-02-04T19:39:01+00:00\",\"dateModified\":\"2021-02-04T23:09:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Virginia will be home to as many as five commercial casinos in the coming years. 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Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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(Image: Zoom)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/virginia-casino-regulations-approved-by-state-lottery-board\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Regulation","item":"https:\/\/www.casino.org\/news\/regulation\/"},{"@type":"ListItem","position":3,"name":"Virginia Casino Regulations Approved by State Lottery Board"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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