Huge jackpots, on-line gambling carry Virginia Lottery income 37% in late 2020 | Govt-and-politics


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The lottery also reported it hit its goal of lifting its internal spending at small, women and minority-owned businesses to 38% of its total spending, and increased its goal to 42% for the current fiscal year.

During the meeting, the Virginia Lottery board approved the “emergency casino regulations,” which will serve as a placeholder for the final document that will regulate brick-and-mortar casinos about to be built across the state.

The governor is expected to sign the regulations into effect in the next two months, but no casinos are close to being operational yet – the goal is to give them a framework as they plan their services.

Voters in four cities – Bristol, Danville, Norfolk and Portsmouth – approved casinos in November local referendums. Richmond could hold a referendum this coming November on a potential casino.

The document covers security procedures, tax payments and other regulatory items. There will be a $15 million issuance fee to receive a license to operate a casino, and every employee working there must receive a background check, with some roles requiring more extensive criminal checks.

The documents showed that slot machines will have an average payout between 89% and 94% at Virginia casinos.

Also Wednesday, Virginia’s fifth sports betting provider went live. Caesars, which will operate a casino in the state, opened its mobile betting operation in conjunction with global sportsbook William Hill.