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At Monday’s meeting in Richmond, the commission appointed The Innovation Group as its consultant in its efforts to explore gambling regulations from other jurisdictions. With offices in Las Vegas, Denver, Orlando and New Orleans, The Innovation Group is a leading consulting firm with more than three decades of experience in the gaming and entertainment industry.
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State legislators have historically been against any form of gambling expansion, but the current national gambling landscape has pushed for a reconsideration of their stance. Earlier this year, lawmakers passed Senate Bill 1126, a legislative section that could pave the way for the authorization of tribal and commercial casino gambling and for the legalization of sports betting and online casino gaming in the Virginia area.
Under the law, the Joint Audit and Legislative Review Commission and the newly mentioned consultants have until December 1 to conduct their national gambling study and present the results to lawmakers. The Virginia Legislature will rely heavily on those results in making any decisions regarding the future of the state gambling industry.
The commission’s study team is busy for the next few months. It should review the rules and administrative structures applied by the country where gambling is legal. This will help identify structures and policies that will be effective in the potential Virginia gambling market.
In addition, the Joint Audit and Legislative Review Commission and the Innovation Group should “analyze several scenarios” for the potential legalization of gambling in the state and to estimate state and local revenues that could result from implementing any of the scenarios identified. daftar judi online
This study will analyze the potential locations of state casinos, if members of parliament from trusted casino agents legalize this form of gambling. Officials for three Virginia cities – Bristol, Danville and Portsmouth – have expressed their support for the development of commercial casinos in their territories. Additionally, a recently passed bill has identified Richmond and New Kent as potential casino locations to be operated by the Pamunkey Indian Tribe.
The recently passed bill provides a citywide reference to take place in Bristol, Danville and Portsmouth that will allow city residents to voice their opinions on the issue of casino expansion.
Apart from casino gambling, Virginia lawmakers may also consider sports betting and online gambling. If the Legislature decides to expand gambling in the state, the Lottery Council will be tasked with overseeing the newly created industry, establishing the regulations governing it and setting the necessary tax rates, among others.