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Com Sub HB 2718 - Racetrack Table Games - West Virginia Key Vote

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Title: Racetrack Table Games

Vote Smart's Synopsis:

Vote to pass a bill that allows racetracks to operate table games, such as blackjack or poker, upon approval by the voters in their respective counties.

Highlights:

- Classifies table games as a type of lottery [sec. 29-22C-2 (B)(4)]. - Applies only to the four racetracks that are already operating video lottery games [sec. 29-22C-8 (A)]. - Imposes a 35 percent tax on gross table game income to be deposited into a new Racetrack Table Games Fund [sec. 29-22C-26]. - Distributes monies from the Racetrack Table Games Fund to other areas [sec. 29-22C-27]:

    - The State Debt Reduction Fund - The Community Based Services Fund - The Greyhound Breeding Development Fund - The Thoroughbred Development Fund - Counties and Municipalities (with a larger portion going to areas where racetracks are located)

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Full Bill Text

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