West Virginia next to have online gambling
As much of the focus surrounded Pennsylvania and Michigan over the last week with online gambling on the table in both states not many noticed that West Virginia introduced their own online gambling bill in the form of HB 3067.
Sponsored by Delegate Shawn Fluharty and having the backing of Sean Hornbuckle, Mike Pushkin, Joseph Canestraro and Mike Bates the bill allows for interstate online gambling with other participating states.
However because the state only has a population of some 1.8 million residents and will not be a major player above Delaware but below Nevada and New Jersey the bill understands their place and have installed the fees to reflect this.
An online gambling license will be set at $50,000 and a tax rate of 14% under the control of the states West Virginia Lottery Commission. HB 3067 would also allow for other states that have online gambling to pool their business for online poker to be more attractive given the small population in West Virginia.
Online licenses would be given to land based operators working in the state already and is hoped to alleviate the falling revenues those casinos are suffering from competition from neighbouring states, last year casino revenues fell by 10.9%.