Virginia’s Gambling Industry is Ready to Expand

Over the past few months, lawmakers in Virginia have discussed plans to allow commercial casinos and sports betting. It’s a huge change, as in the past, very few forms of gambling were allowed here. Today, we’re going to look at how Virginia’s gambling industry could expand over the next few months. West Virginia

It’s an exciting time for both casino gambling and sports betting fans in the state. There’s a lot scheduled to come here over the next couple of months.

Bill to Allow Commercial Casinos Advances in Virginia

State officials in Virginia have discussed plans to allow casino gambling for years. In 2013, a push was made to start allowing riverboat casinos here. It was nearly approved, yet ultimately failed in the State Senate.

Gambling proponents haven’t given up, though. Many politicians here have continued to push for the legalization of land-based casinos. These gambling venues will help to bring the state millions of dollars, officials argue.

Finally, it appears these casinos may be on their way. In November, a bill to allow commercial casinos in Virginia was approved by a Senate Subcommittee. Lawmakers here are now reviewing this bill to see how it will impact the state.

Before this can be done, several steps need to be taken. The bill still needs to gain approval from the Senate and House. Eventually, residents in Virginia will need to approve the new casino plans, as well.

Virginia’s gambling industry is set to expand soon. This week, several experts began to raise concerns about problem gambling in the state.

Virginia Residents Warn About the Dangers of Gambling Addiction

There are several reasons why Virginia has been so anti-gambling over the years. Lawmakers here have been very concerned about the dangers that this industry poses on society. With Virginia’s gambling industry set to expand, several experts in the state have once again begun warning about the dangers of gambling addiction.

Billy Hoffman, a former gambling addict and current member of Gamblers Anonymous, spoke about the dangers of this new industry. He claims that unlike most substance addiction, gambling offers a sense of hope. Dr. Carolyn Hawley, the president of the problem gambling council in Virginia, spoke about these issues, as well.

“As we’ve seen those markets expand, we’re seeing more people reporting those problems,” she said. “We have to have those discussions and a comprehensive plan in place, because there are some people who develop significant problems. And that hurts the individual. It hurts their families. It hurts their communities.”

Several lawmakers in the state recognize the dangers of this new industry. Fortunately, they have a huge number of other states to ask for guidance. Many states around the country have recently begun to expand their casino and sports gambling laws.

There are certainly more pros than cons when it comes to the gambling industry. Virginia will likely soon begin earning millions of dollars a month in the form of gambling taxes. This is especially true if the state decides to allow sports gambling.

Will Virginia’s Gambling Industry Include Sports Betting?

Since May of 2018, every state in the country has the ability to legalize sports betting. This is thanks to the Supreme Court striking down PASPA. Since that time, 21 states have officially decided to legalize and regulate sports gambling.

Many of these states are now earning a huge amount of money from the industry. New Jersey, in particular, is bringing in an incredible amount of revenue from taxing the state’s legal sports betting operators. Virginia lawmakers seem to recognize this and seem ready to embrace the sports gambling industry.

The state’s sports betting bills recently passed through the Virginia General Assembly. Under this bill, Virginia’s Lottery Board will take control of sports betting regulation. Hope is that the state’s sports betting options are available before the end of the year.

Lawmakers seem to recognize that it’s time for Virginia’s gambling industry to grow. Many states around the country are choosing to earn more money from their gaming markets every month.

It’s still unclear exactly when the first casinos will begin operating here. Several Native American tribes have recently begun presenting plans to open casinos in different parts of the state. In time, Virginia may become one of the East Coast’s gambling hubs.

Stay tuned for more Virginia gambling news over the next few months!