Virginia House Bill 2202 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2023 - 25% progression, died in chamber
Action: 2023-02-03 - Tabled in Appropriations (21-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]

Sports betting; adjusted gross revenue. Gradually reduces the exclusion from a sports betting permit holder's adjusted gross revenue, on which it is taxed, all cash and the cash value of merchandise paid out as winnings to bettors, and the value of all bonuses or promotions provided to bettors as an incentive to place or as a result of their having placed Internet sports betting wagers, by limiting such exclusion from adjusted gross revenue to no more than 2.5 percent of the total amount of all sports betting wagers placed with that permit holder each month between July 1, 2023, and July 1, 2024; no more than 2.25 percent of the total amount of all sports betting wagers placed with that permit holder each month between July 1, 2024, and July 1, 2025; no more than two percent of the total amount of all sports betting wagers placed with that permit holder each month between July 1, 2025, and July 1, 2026; and no more than 1.75 percent of the total amount of all sports betting wagers placed with that permit holder each month on and after July 1, 2026. The bill also provides that a permit holder, through the first 12 months of sports betting activity, may exclude from adjusted gross revenue the value of allowable bonuses or promotions provided to bettors as an incentive to place or as a result of their having placed Internet sports betting wagers. After the first 12 months of sports betting activity, a permit holder's adjusted gross revenue is subject to the aforementioned determination.

Sports betting; adjusted gross revenue.

Del. Roxann Robinson [R]

2023-02-03 - House - House: Tabled in Appropriations (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2023-01-31 - House - House: Reported from General Laws with substitute (13-Y 9-N) (Y: 13 N: 9 NV: 0 Abs: 0) [PASS]
2023-01-31 - House - House: Subcommittee recommends reporting with substitute (6-Y 2-N) (Y: 6 N: 2 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-02-03	House	Tabled in Appropriations (21-Y 0-N)
2023-01-31	House	Subcommittee recommends referring to Committee on Appropriations
2023-01-31	House	Subcommittee recommends reporting with substitute (6-Y 2-N)
2023-01-31	House	Referred to Committee on Appropriations
2023-01-31	House	Committee substitute printed 23105775D-H1
2023-01-31	House	Reported from General Laws with substitute (13-Y 9-N)
2023-01-23	House	Assigned GL sub: Subcommittee #3
2023-01-11	House	Referred to Committee on General Laws
2023-01-11	House	Prefiled and ordered printed; offered 01/11/23 23102419D

Chapter	Article	Section	Citation Type	Statute Text
58	1	4030	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB2202
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2202+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2202H1+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/23105775D.pdf
Amendment	https://committees.lis.virginia.gov/pdfs/23105775D.pdf
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H1103V0019+HB2202
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H11V0064+HB2202
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H02V0088+HB2202