VirginiaCharitable gaming; use of proceeds, charitable gaming adjusted gross receipts, effective date.
What it does
Charitable gaming; use of proceeds; charitable gaming adjusted gross receipts. Amends charitable gaming law to allow certain organizations, as a condition of receiving a charitable gaming permit or authorization to conduct electronic gaming, to use (i) with respect to charitable gaming, other than electronic gaming, a predetermined percentage of its charitable gaming adjusted gross receipts, not to exceed 25 percent, and (ii) with respect to electronic gaming, a predetermined percentage of its electronic gaming adjusted gross receipts, not to exceed 25 percent; however, at no time shall such predetermined percentage be calculated at an amount equal to less than 10 percent of its gross receipts derived from electronic gaming less the amount of prize money paid out to players. The bill has a delayed effective date of January 1, 2026.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 5Left in General LawsLatest
- Jan 28Subcommittee recommends striking from the docket (8-Y 0-N)
- Vote recorded Subcommittee recommends striking from the docket (8-Y 0-N). Result: pass.Lower
- Jan 27Assigned GL sub: ABC/GamingMinor
- Jan 23Fiscal Impact Statement from Department of Planning and Budget (HB2634)
- Jan 13Referred to Committee on General LawsMinor
- Jan 13Presented and ordered printed 25103157DIntroduced