Lawmakers are exploring the creation of a single agency to regulate all forms of gambling in Virginia. This proposal follows a 2022 legislative review that highlighted significant deficiencies in the oversight of the state’s gaming industry. The newly-formed Joint Subcommittee to Study the Feasibility of Establishing the Virginia Gaming Commission is currently evaluating a plan to centralize regulation under one agency.
Proposed Commission to Regulate All Gaming Except the Lottery
The Virginia gaming industry has seen substantial growth, with legal sports betting and three operational retail casinos. Online casinos may also be on the horizon, as Virginians already access online casino games through sweepstakes and social casinos. The proposed Virginia Gaming Commission would oversee all legal gaming in the state, excluding the Virginia Lottery. This would include online gambling, charity gaming, bingo, live horse racing, fantasy contests, the state’s five licensed casinos, and 10 licenses for Rosie’s Gaming Emporium.
A report by the Joint Legislative Audit & Review Commission in 2022 suggested consolidating gaming oversight due to enforcement and oversight gaps created by the involvement of multiple agencies.
Financial and Operational Benefits of Consolidation
State Senator Bryce Reeves, chairman of the review committee, highlighted the potential financial savings and operational efficiencies of a unified regulatory body. He noted that multiple agencies managing different aspects of gaming have led to confusion and inefficiencies, particularly in internet and electronic gaming. Consolidating oversight would streamline enforcement and compliance, addressing issues uncovered in previous subcommittee reports about corruption and conflicts of interest in charitable gaming.
The initial plan, developed by the Virginia-based consulting firm Guidehouse, is under review. A final report will be presented in November, with legislation to be introduced in the 2025 General Assembly session.
Sourse : https://www.playvirginia.com/lawmakers-eye-one-agency-to-oversee-virginia-gaming/
