Online gaming establishments may seek legality in the state of Virginia
Virginia is considering a significant shift in its gambling landscape with the proposed legalization of online casinos. Sen. Mamie Locke pre-filed a new draft law, Senate Bill 827, to pave the way for iGaming in the state.
If SB 827 is passed, several companies could potentially gain online licenses. These include the Rivers Casino Portsmouth, Hard Rock Hotel & Casino, Caesars Virginia, Boyd Gaming Norfolk, and Live! Casino & Hotel Virginia. Interestingly, Boyd Gaming and Caesars, companies with experience in iGaming, are generally better disposed towards the legalization of online casinos.
However, not all players are on board with this potential expansion. The Cordish Companies, with a presence in both Virginia and Louisiana, have expressed opposition to such moves. Mark Stewart, the General Counsel of the Cordish Companies, has stated that the arrival of iGaming options could lead to unpredictable consequences for physical casino floors.
The bill allows each property to hold up to three "skins," referring to the number of brands that can partner with a physical property to gain market access. The license fees for online casinos, if the bill is passed, will cost $1 million and will be valid for a period of five years. The tax rate on the gross revenue of the online casino websites and apps will be 15%.
Opposition to expanding online casinos often stems from fears that the land-based sector would suffer. However, it's worth noting that Virginia already offers sports betting, and the impact of online casinos on the overall gambling industry remains to be seen.
Interestingly, the Cordish Companies have taken aim at the proposed online casino legalization in Louisiana as well. This opposition could suggest a broader strategy against the expansion of iGaming in multiple states, including Louisiana and Maryland, which are also looking to legalize online casinos in 2025.
As of 2025, only six states in the United States offer online casinos. If SB 827 is passed, Virginia could join this exclusive club, potentially bringing new opportunities for both companies and players in the Old Dominion State.
