Posts Tagged ‘West Virginia online poker’

West Virginia Online Poker Could Launch in June

Tuesday, May 12th, 2020

The West Virginia Lottery Commission approved online poker on April 29. The measure now heads to the Secretary of State, Mac Warner, who’ll decide whether to accept or reject the online gaming package.

Assuming Warner approves the matter soon, West Virginia online poker sites could launch in June. If Warner takes his time, then the market might have to wait until July or later.

WV Poker Sites Ready to Go

John Myers, head of the WV Lottery Commission, noted that the state’s online poker rooms are primed and read to go. They simply need the Secretary of State’s approval.

“Once approved, West Virginia casinos can begin offering iGaming under the emergency rules and [with] minimum internal controls,” Myers explained. “Those rules will be good for 15 months until the permanent legislative rule is adopted by the legislature.”

Poker isn’t the only form of gaming on the agenda. Online casinos will also be eligible to launch once Warner gives the okay.

The West Virginia Legislature approved the Lottery Interactive Wagering Act in March 2019. This laws lets gaming sites offer a casino and/or poker room.

Licensed sites can operate up to three casino and/or poker skins under its license. Operators must pay a $100,000 license fee and 15% tax on gross revenue.

Coronavirus Hastens Need for WV Online Gaming

The Mountaineer State has put a rush on internet gaming due to the coronavirus (COVID-19) pandemic. Online poker and casino traffic has spiked rapidly amid coronavirus fears and shutdowns.

West Virginia and other states are still unable to open their land-based casinos and poker rooms. Therefore, online gaming has suddenly become much more appealing.

The WV Lottery Commission would love to get online casinos and poker sites running ASAP. Doing so will allow them and operators to take advantage of the most-profitable point in US internet gaming history.

West Virginia Legalizes Online Poker – Fifth State to Do So

Thursday, March 28th, 2019

west-virginia-legalizes-online-pokerWest Virginia has become the fifth state to legalize online poker. The State House and Senate both passed an online gambling bill that approves poker by wide margins.

The Senate had the last vote before the legislation was sent to Gov. Jim Justice for final approval. He took no action, meaning that the bill went into effect automatically after 15 days.

This doesn’t necessarily mean that Gov. Justice is indifferent to poker. He also let a sports betting bill pass in the same manner.

What Will West Virginia’s Online Poker Bill Include?

The newly passed legislation will create five online gambling licenses, including one for each of the state’s casinos. These casinos include:

  • Casino Club at The Greenbrier
  • Hollywood Casino Charles Town
  • Mardi Gras Casino & Resort
  • Mountaineer Casino
  • Wheeling Island

Each casino can purchase their internet gaming license for $250,000. The license will last for five years, at which point it becomes subject to a $100,000 renewal fee.

Online poker, slots, and table games are all covered by licensing. Internt gaming revenue will be taxed at a 15% rate, which matches New Jersey.

What Impact Will West Virginia Online Poker Have?

West Virginia won’t make much of an impact on the US internet poker market by itself. They have less than 2 million residents, ranking them 38th in total population.

They also don’t have a lot of money to throw around either. The Mountaineer State ranks 49th in family income out of all US states and territories. With under 2 million people and low income across the board, West Virginia online poker won’t offer much from a liquidity standpoint.

Nevertheless, they’re making an impact on the market by becoming yet another state to legalize internet gambling. Furthermore, they could join in a multi-state pact with Delaware, New Jersey, and Nevada to create a larger poker player pool. Pennsylvania will also become an option once their market is up and running.