Gambling

People wait in line to bet on the NCAA college basketball tournament at the Westgate Superbook sports book Thursday, March 15, 2018, in Las Vegas. Sports Betting.
AP Photo / John Locher

The West Virginia Lottery says the first official tax week of legal sports betting in the state will yield around $29,000 in tax revenue.

People wait in line to bet on the NCAA college basketball tournament at the Westgate Superbook sports book Thursday, March 15, 2018, in Las Vegas. Sports Betting.
AP Photo / John Locher

West Virginia's lottery commission has set its rules for sports betting in the state, and its director says the goal is to have sports wagering underway by football season.

The rules were approved at an emergency meeting Thursday, media outlets reported. West Virginia Lottery Director Alan Larrick said the rules give the state's five casinos plenty of time to become familiar with the regulations.

People wait in line to bet on the NCAA college basketball tournament at the Westgate Superbook sports book Thursday, March 15, 2018, in Las Vegas. Sports Betting.
AP Photo / John Locher

Following a U.S. Supreme Court decision today, West Virginia is set to have legal sports betting. State lawmakers passed a bill earlier this year in anticipation of the court’s ruling on a case from New Jersey.

Adobe Stock

Gambling has many of the same symptoms as other addictions, including the urge to continue the behavior despite negative consequences, but it’s different in one key way.

 

 

“With problem gambling, sometimes people see the problem as the solution,” said Sheila Moran, director of marketing for the helpline 1-800-Gambler.

 

Martin Valent / West Virginia Legislative Photography

On an 18-16 vote, which was not along party lines, senators approved a bill that allows online fantasy sports leagues to operate in West Virignia.

Greyhound Racing
AngMoKio / wikimedia Commons

  The state Racing Commission could request legislation to drop the number of days racetracks have to hold live races under law.

The Charleston Gazette reports that on Tuesday, the commission discussed reducing the required number of racing days to 185 at the state's four racetracks.

hollywoodcasinocharlestown.com

West Virginia's largest casino has announced plans to add a 1,200-seat concert venue as it seeks to fend off increased competition from casinos in Maryland.

Hollywood Casino at Charles Town Races said Monday that it will begin construction this month on the venue, which will be located on the casino floor and feature a box office and VIP area. Hollywood hopes to open the venue by the end of September. A name for the venue has not yet been selected.
 

flipchip / LasVegasVegas.com

As competition increases from Ohio, Pennsylvania and Maryland, West Virginia casinos are losing customers.
 
     And the lost revenue is poking a hole in the state's tax base and budget.