Tag: West Virginia
West Virginia Sports Betting Launches
West Virginia sports betting has become the latest launch of the legalized activity, with a local politician stating its law can be a model for others to follow in the United States. The official opening ceremony for the sports book at Hollywood Casino at Charles Town Races in Jefferson County is set for Saturday, to time with the start of the college American football season, but a soft opening was made yesterday (Thursday). “We have really done it right in this state and certainly Pennsylvania and others, if it’s going to be successful in their states, they need to look…
West Virginia Teams with FanDuel for Sports Betting
West Virginia Lottery Commission Director Alan Larrick has announced that the entity has passed sports betting rules after an emergency meeting that took place last Thursday. The state’s five casinos would be eligible to offer sports betting. “We’re trying to do everything we can to get sports betting available by football season — that’s what our goal is. We don’t know if we’re going to make it or not, but we’re going to try,” said Larrick, who commented that the rules are essentially guidelines for local casinos in order to let them know how to operate. West Virginia had already…
West Virginia and Sports Betting ‘Integrity Fees’
The efforts of the sports leagues to get money for nothing could be paying off. The West Virginia sports betting bill, which will become effective if/when (when) the U.S. Supreme Court scraps that law that currently prevents states from adopting sports wagering, has been tweaked to provide for a so-called “integrity fee” aimed at compensating those who provide the sports on which bets are placed a piece of the action in exchange for, well, nothing. Via WVNews.com, a tentative agreement has been reached in West Virginia to pay the integrity fee. The funds will come not from the state’s cut…
Legal Sports Betting in West Virginia by Summer?
Alan Larrick, West Virginia Lottery Director, revealed that he’s confident that sports betting could be working at the state’s five casinos within 90 days of a favorable ruling from the US Supreme Court. The state is discussing the possibility in order to be ready in case the federal ban on sports betting gets lifted. “In a perfect world, we could hopefully be up and running by late summer,” Larrick said after Wednesday’s Lottery Commission meeting. He added that the Lottery is working as if the court has already given the approval for sports betting, and that the five casinos in…
West Virginia has Legalized Sports Betting
West Virginia has become the latest US state to legalise gambling within its borders, following the passage of the ‘West Virginia Sports Lottery Wagering Act’. The hotly contested bill, previously known as Senate Bill 415, was signed into law by West Virginia Governor Jim Justice late on Friday evening. It places regulatory responsibility on the shoulders of the West Virginia Lottery Commission, allowing the states five gaming facilities to offer sports betting on pro and collegiate sports, subject to a 10% taxation rate on their gross gaming revenue. The state becomes the sixth state to legalise sports betting, following in…
NBA and MLB Critical of West Virginia Sports Betting Legislation
Routinely criticized for being behind the times, West Virginia is getting ahead of the curve when it comes to sports betting. In anticipation of the scuttling of the federal prohibition on expanded sports wagering, a West Virginia Senate committee has advanced a bill that, if it becomes law, would legalize sports betting at the state’s various casinos, and via mobile apps that would be used by people located in West Virginia. Both the NBA and Major League Baseball have criticized aspects of the bill. “We appreciate the Legislature’s work on the subject of legalized sports betting; however, we do not…