2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: McPike
Lottery - Eliminate Sports Betting Promotions Deduction (language only)

Item 494 #2s

Item 494 #2s

Independent Agencies
Virginia Lottery


Page 596, strike lines 31 through 39.


(This amendment removes the existing language limiting the deduction of bonuses and promotions from the adjusted gross revenue to the first 12 months that an operator offers sports betting in the Commonwealth. Senate Bill 1142 proposes to limit the deduction of bonuses and promotions from adjusted gross revenue as a percentage of all sports betting wager activity. A companion amendment to Item 0 reflects the revenue reduction from Senate Bill 1142.)